On January 1, 2019, Tonika Company issued a four-year, $12,100,7% bond. The interest is payable annually each December 31. The issue price was $11,518 based on an 8% effective interest rate. Tonika uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2019 interest expense? Multiple Choice 1,052 Interest expense Bond discount Cash 205 847 847 Interest expense Cash Interest expense Bond discount Cash 805 42