Gene Poole Co. issued $10,000 of bonds on January 1, 2018. The bonds pay interest semiannually. This is a partial bond amortization schedule for the bonds Outstanding balance 9,080 9,089 9,098 9,107 Effective interest Decrease in balance Payment Cash 400 400 400 400 1 2 409 409 409 4 What is the outstanding balance (book value) of the bonds on December 31, 2019? Multiple Choice $9,116 $9,407 $9,117 $9,416