On January 1, the Elias Corporation issued 10% bonds with a face value of $111,000. The bonds are sold for $108,780. 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 Os 51.100 Ob $1.220 OC 510,878 Od 511322 Eddie Industries issues $956,000 of 8% bonds at 105. The amount of cash received from the sale is a. $927,320 b. $1,003,800 Oc. $1,032,480 d. 1956,000 On January 1, 5974,000, 5-year, 10% bonds, were issued for $944,780. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortire discount on bonds payable, the semiannual amortization amount is O. 55.84 Ob. 529.220 Oc sex,700 d. 52.92 Franklin corporation issues $89,000,8%, S-year bonds on January 1, for $93,010. Interest is paid semiannually on January 1 and July 1 If Franklin uses the straight-line method of amortization of bond premium, the amount of bond Interest expense to be recognized on July 1 is Os 51159 Ob 57,120 Oc Od. 51901 c. 33.560