On January 1 of Year 1. Congo Express Airways issued $3,150.000 of 5% bonds that pay interest semionnually on January 1 and July 1. The bond issue price is $2,840,000 and the market rate of Interest for similar bonds is 6%. The bond premium or discount is being amortized at a rate of $10,333 every six months. The amount of interest expense recognized by Congo Express Airways on the bond issue in Year I would be Multiple Choice $189.000 $89,083 $178.16 $136.834 5157.500