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On July 1, 2019. Brownlee Corporation issues $1,400,000 of 10-year, 8% bonds dated July 1, 2019 at 89. Brownlee uses the straight-line method of amortization

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On July 1, 2019. Brownlee Corporation issues $1,400,000 of 10-year, 8% bonds dated July 1, 2019 at 89. Brownlee uses the straight-line method of amortization Interest is paid cach July 1 and January 1. Brownies Corporation's linical your ond in June 30. The interest expense recognized for the first sortiannual interent payment on January 1, 2020 is sco O A $10,300 OB. 563.700 OC $56,000 D. $112.000

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