Jones Corporation issues $400,000, 8%, five-year bonds at 103. The total interest expense over the life of the bonds is: O $188,000 O $148,000 O $172,000 O $160,000 Question 53 Lehigh Corporation issued $300,000 of 8 percent, 20-year bonds for 318,000 of cash on January 1, Year 1 Straight-line amortization is used. December 31, Year 1. what is the carrying value of the bonds? O $317,100 $318,000 $316.800 $300,000