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On January 1,a company issues bonds dated January 1 with o gar value of $530.000. The bonds mature in 5 yeacs. The constact rate is an. and interest is poid semiannualify on June 30 and December 31. The market rate is 9 . and the bonds are sold tor 5509.016. The joianal eatry to record the recond interest puyment ining the effective interest method of amortizotion is: Mulipie Choice Desit interest Payable \$21,20000, creot Cash $21,20000 Debt interest Expense $1949427; debit Dricount on Bonds Payshle 517057k creci Cavi $2120000. Debit laterest Expense \$72.905.73; ciedn Discount on Eonds Psyable \$170573: credr Cash \$21,200.00 Debit insered Expense \$22,982.49, credit Ducount on Honds Payable 51782.49 credic Cast \$2120000