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Jo, Inc. issued $100,000 par 5-year semi-annual bonds on January 1, 2022 and received cash proceeds of $80,000. Assuming Jo, Inc. uses the straight-line amortization

Jo, Inc. issued $100,000 par 5-year semi-annual bonds on January 1, 2022 and received cash proceeds of $80,000. Assuming Jo, Inc. uses the straight-line amortization method, what is the total amount of amortization expense to be recognized in 2022? $2,000 $16,000 $8,000 $4,000

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