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Levi Company issued $98,000 of 11% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on January

Levi Company issued $98,000 of 11% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated January 1 and mature in 5 years on January 1. The total interest expense related to these bonds for the current year ending on December 31 is a. $898 b. $10,780 c. $5,390 O d. $8,085

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