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I know the right answer, but do not know how to compute it. Please be very detailed in computation Ozone Inc. sells bonds with a

I know the right answer, but do not know how to compute it. Please be very detailed in computation image text in transcribed

Ozone Inc. sells bonds with a face value of $1,000,000 and a contract interest rate of 9% for $800,000. The bonds will mature in 10 years. Using the straight line method of amortization of the bonds' discount, how much interest expense will be recognized in year 1? $108,000$90,000 $110,000 $70,000

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