On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest rate of 6%. The market interest rate is 4%. The issue price of the bond was $11,056. Your company used the effective-interest method of amortization. At the end of the first year, your company should Multiple Choice debit interest Expense for $44200, debit Premium on Bonds Payable for 515800, and credit Cash for $600. O O debit Interest Expense for $600, debit Premium on Bonds Payable for $158.00, and credit interest Payeble for $44200 debit Interest Expense for $442.00 ond credit interest Payable for $44200 O C ) debit Interest Expense for $600, credit Premium on Bonds Payable for $158.00, and credit Interest Payable for $442.00