On January 1, 2017, Citywide Sales issued exist21,000 in bonds for exist26, 800. These are eight-year bonds with a stated rate of 16% and pay semiannual interest. Citywide Sales uses the straight - line method to amortize the bond premium. On June 30, 2017, when Citywide makes the first payment to bondholders, what is the amount that will be reported as Interest Expense? A. exist1, 317 B. exist1, 285 C. exist4, 483 D. exist1, 680