On January 1, 2020, Strebel Corp sold (issued) 800, $1,000, ten-year, 8% bonds at 95. The bonds were dated January 1, 2020, and interest is payable each June 30 and December 31. The company uses the straight-line method of amortization. The amount of the net liability for bonds payable that would be reported on the December 31, 2020, balance sheet is Correct Answer $764,000 You Answered $796,000 O $800,000 $760,000 None of these are correct