Hocker Company issues $200,000 of ten-year, 8% bonds to yield 10% on January 1, 20X1. The bonds pay interest annually on December 31 The bonds were sold at a discount of $24578. The amount of cash Interest paid in 20X2 is Multiple Choice 516,000 318.000 $16,000 $18,000 $19,080 $20,000