On January 1, 2020, Aria Company issued Bonds with a face value of $80,000, a stated rate of interest of 8% and a five-year term to maturity. Interest is payable in cash on June 30 and December 31 of each year. The effective rate of interest was 10% at the time the bonds were issued. Aria Company used the effective interest rate method to amortize the bond discount.

What was the interest expense on the bonds on the December 31, 2020 income statement? A. $6,400 B. $8,000 C. - $7,407 rounded D. $5,896 rounded What was the carrying value of the bonds at December 31, 2020? O A. $80,000 B. $74,829 rounded C.$73,319 rounded D.$73,823 rounded