On December 31, 20X5. Cobb issued 2,000 of its 10%, $1,000 bonds at 99. The issuance price established a bond discount of $20,000. In connection with the sale of these bonds. Cobb paid the following expenses: Legal and accounting fees Printing of the prospectus Underwriting fees $45,000 $55,000 $85,000 In Cobb's December 31, 20X5, balance sheet, bond issue costs total $120,000. O $185,000. $160,000. $130,000.