Hog Company issued a $$100,000$ bond on May

$1,$ year $1,$ with a stated interest rate of $5\%.$ The

bonds are $5-$year bonds. How much interest will

be recorded in year $1?$

Hog Company issued a $$100,000$ bond on May

$1,$ year $1,$ with a stated interest rate of $5\%.$ The

bonds are $5-$year bonds. How much interest will

be recorded in year $2?$

$($a$)$ $$5,000$

$($b$)$ $$1,667$

$($c$)$ $$3,333$

$($d$)$ $$2,917$

$($a$)$ $$5,000$

$($b$)$ $$1,667$

$($c$)$ $$3,333$

$($d$)$ $$2,917$