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On January 1, 2010, the HoHo Corporation issued a 10 year, 10% bonds with a face value of $200,000.The bonds are sold for $196,000. The

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On January 1, 2010, the HoHo Corporation issued a 10 year, 10% bonds with a face value of $200,000.The bonds are sold for $196,000. The bonds pay interest semiannually on June 30 and December 31 of every year. Ho Ho records straight-line amortization of the bond discount.The total interest expense for the company in year 1 is

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