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On January 1, 2012, Beta Company issued 5-year bonds having a face value of $100,000. The bonds pay 7% interest annually and were sold for

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On January 1, 2012, Beta Company issued 5-year bonds having a face value of $100,000. The bonds pay 7% interest annually and were sold for $94,706 to yield 8.34% interest. Beta's 2012 income statement should report what amount for interest expense on these bonds? O A. $6,630 O B. $7,000 O C. $7,898 O D. $8,340

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