Fusion Corp. and Liquids Ltd$.$ each issued bonds on January $1,2018$ that had face values of $$500,000,$ a contractual $($stated$)$ interest rate of $10\%,$ and maturity dates of December $31,2033.$ Both bonds pay interest each December $31.$ Fusion Corp. issued their bonds at $105,$ while Liquids issued theirs at face value.

Which company will recognize more interest expense over the life of the bonds?