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0/0 pts Question 13 On January 1, 2016, Stone Corporation sold a 10-year, $1,000,000, 8% bond. The interest is payable annually each December 31. The issue price was $1,070,000 based on a 7% market rate. Assuming effective-interest amortization is used, the interest expense on the 2017 income statement would be (to the nearest dollar) rrect Answer $74,543 ou Answered $74,900 80,000 $89,600