Nest corporation issued 5-year, 5% bonds having a par value of $100,000. The company received proceeds of $95,735. Calculate the company's interest expense for the 1st semi-annual interest period, assuming straight-line method. (Round your intermediate calculations and the final answer to 2 decimal places). a. $2,500.00 b. $2,926.50 c. $5,853.00 d. $5,000.75 Nest corporation issued 5-year, 5% bonds having a par value of $100,000. The company received proceeds of $95,735. Calculate the company's interest expense for the 1st semi-annual interest period, assuming straight-line method. (Round your intermediate calculations and the final answer to 2 decimal places). a. $2,500.00 b. $2,926.50 c. $5,853.00 d. $5,000.75