On January 1 of the current year, the Barton Corporation issued 8% bonds with a face value of $68,000. The bonds are sold for $65,960. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is a. $2,040 b. $5,440 c. $5,848 d. $453 If $1,152,000 of 12% bonds are issued at 102 1/2, The amount of cash received from the sale is a. $864,000 Ob. $1,152,000 c. $1,290,240 d. $1,180,800 If $356,000 of 8% bonds are issued at 98, the amount of cash received from the sale is a. $348,880 Ob. $384,480 c. $327,520 d. $356,000 On January 1, the Elias Corporation issued 10% bonds with a face value of $117,000. The bonds are sold for $114,660. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten 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. a. $11,466 Ob. $2,340 c. $11,700 Od. $11,934