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On January 1 of the current year, the Queen Corporation issued 7% bonds with a face value of $93,000. The bonds are sold for $90,210.

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On January 1 of the current year, the Queen Corporation issued 7% bonds with a face value of $93,000. The bonds are sold for $90,210. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31. Select the correct answer. $7,068 $6,510 $543 $2,790

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