Mayberry, Inc., issued $100,900 of 10 year, 12% bonds dated April 1, 2019, for $105,060 on April 1, 2019. The bonds pay interest annually on April 1, beginning in 2020. Straight line amortization is used by the company. What entry is required at April 1, 2020 for the first interest payment? Multiple Choice 12.524 Interest expense Premiums on bonds payable Cash Interest expense Premium on bonds payable Cash Interest expense 12,108 Cash Interest expense Premium on bonds payable - Cash