Hermosa Vista Company issued $130,000 5-year, 7.75% bonds and received $132,647 in cash. The market rate of interest when the bonds were issued was 7.25%. What is the amount of interest expense to be recorded for the first annual interest period if the company uses simplified effective-interest amortization? Multiple Choice $9,616.91 $9,425.00 $10,280.14 $10,075.00