Koch Industries issued a $200,000 3 year bond with stated interest of 6% when the market rate of interest is 8%. Interest is paid annually. At the end of year 2, the bonds were retired at $210,000. What is interest expense in year 2? 13,500 14,725 15,175 15,429 Koch Industries issued a $200,000 3 year bond with stated interest of 6% when the market rate of interest is 8%. Interest is paid annually. At the end of year 2, the bonds were retired at $210,000.What is interest expense in year 1? 12,000 15,429 14,599 15,175 Koch Industries issued a $200,000 3 year bond with stated interest of 6% when the market rate of interest is 8%. Interest is paid annually. At the end of year 2, the bonds were retired at $210,000. What is the cash interest in year 2? 14,725 15,429 12,000 15,175 Koch Industries issued a $200,000 3 year bond with stated interest of 6% when the market rate of interest is 8%. Interest is paid annually. At the end of year 2, the bonds were retired at $210,000. What is the difference between using straight line versus effective interest on the income statement in the first year? 261 240 128 250