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On January 1 of the current year, Barton Corporation issued 10%, 5-year bonds with a face value of $119,000. The bonds are sold for $113,050.

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On January 1 of the current year, Barton Corporation issued 10%, 5-year bonds with a face value of $119,000. The bonds are sold for $113,050. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the current year ended December 31 is Oa. $13,090 Ob. $595 Oc. $13,685 Od. $5,950

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