If $889,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is Oa. $889,000 Ob. $969,010 Oc. $911,225 Od. $666,750 The Levi Company issued $74,000 of 10% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on June 30 and December 31. The bonds are dated January 1, and mature in five years, on January 1. Determine the total interest expense related to these bonds for the current year ending on December 31 is Oa. $617 Ob. $3,700 Oc. $5,550 Od. $7,400