on November 2018 Cleveland Services issued $310,000 of five ear bonds with a stated rate o 4% The bonds were ssued at par, and eveland makes se annual payments pri 30 and October 31 an December 31, 2018, Cleveland made an adjusting entry to accrue interest at year-end. No further entries were made until April 30, 2019, when the first payment was made. What amount of interest expense was recorded for the period of January 1 to April 30, 2019 (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) O A. $34,720 O B. $21,700 OC. S43400 O D. $14,467 On July 1, 2019, Montana Company has bonds with balances as shown below. Bonds Payable 66,000 Discount on Bonds Payable 3,300 If the company retires the bonds for $67,150, what will be the effect on the income statement? 0 A. gain on retirement of $4,450 O B. no effect on net income O C. sales revenue of $62,700 ( D. loss on retirement of $4,450