On January 1 of the year, the Barton corporation issued 7% bonds with a face value of $90,000. The bonds are sold for $85, 500. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton corporation records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is $450 $7, 650 $7, 200 $3, 150