On January 1, the Kings Corporation issued 10% bonds with a face value of $90,000. The bonds are sold for $88,200. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten years from now. Kings records straight-line amortization of the bond discount. Determine the bond interest expense f the first year is. for the year ended December 31 Select the correct answer. O$8,820 O$9,000 O$1,800 O$9,180 On January 1, $956,000, 5-year, 10 % bonds, were issued for $927,320. Interest paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, what is the semiannual amortization amount? Select the correct answer. O$28,680 O$47,800 O$2,868 O$5,736 Which of the following items should be classified as an unusual item on an income statement? Oloss due to a disContinued operation in Colorado Ogain on the retirement of a bond payable Ogain on a sale of a long-term investment Oselling treasury stock for more than the company paid for it Robert Corporation had net income of $211,266 and paid dividends to common stockholders of $50,200. They had 58,200 shares of common stock outstanding during the entire year. Robert Corporation's common stock is selling for $62 per share on the New York Stock Exchange. Determine Robert Corporation's price-earnings ratio (Round to two decimal places). Select the correct answer 01.00 times 3.63 times 22.00 times O17.08 times