Hermosa Vista Company issued $140,0005-year, 8.00% bonds and recelved $142,832 in cash. The market rate of interest when the bonds were issue was 7.50%. What is the amount of interest expense to be recorded for the first annual interest period if the compony uses simplified effective-interest amortization? Multiple Choice $11,200.00 $10,50000 $11,426.56 $10,712.40