Kelsey Corporation issued bonds on 1/1/year. The bonds have a 10 year maturity, a face value of $200,000 and a stated interest rate of 3%. The market rate of interest on the date of issue was 4%. The bonds were issued for $183,777 How much interest expense will Kelsey Corp. record related to this bond over the 10-year life. (You do not need to do an amortization schedule to answer this.) a. $96.223 b. $43,777 C. $16.223 d. $80,000 . $60,000 1. $76.223 9. $63,777