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Oriole Company received proceeds of $150400 on 10 -year, 6% bonds issued on January 1,2020 . The bonds had a face value of $160000, pay
Oriole Company received proceeds of $150400 on 10 -year, 6% bonds issued on January 1,2020 . The bonds had a face value of $160000, pay interest annually on December 31 , and have a call price of 101 . Oriole uses the straight-line method of amortization. What is the amount of interest Oriole must pay the bondholders in 2020 ? $8960$8640$10560$9600
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