On January 1, Elias Corporation issued 10% bonds with a face value of $78,000. The bonds are sold for $75,660. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 10 years from now, Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is Oa. $2.340 Ob. $650 Oc. $8,034 Od. $7,800. PREVIOUS Next >