On January 1, the Kings Corporation issued 10% bonds with a face value of $109,000. The bonds are sold for $106,820. 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 for the year ended December 31 of the first year is. Select the correct answer. O $10,682 O $2,180 O $11,118 O $10,900 A corporation issues $82,000, 8%, 5-year bonds on January 1, for $85,690. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond premium, determine the amount of bond interest expense to be recognized on July 1. Select the correct answer. O $3,280 O $3,649 O $2,911 O $6,560 Bonds Payable has a balance of $1,085,000 and Discount on Bonds Payable has a balance of $13,020. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption? Select the correct answer. O $13,020 loss O $13,020 gain O $8,680 gain O $8,680 loss