Pharoah Company received proceeds of $890000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $944000, pay interest annually on December 31, and have a call price of 103. Pharoah uses the straight-line method of amortization. What is the amount of interest expense Pharoah will show with relation to these bonds for the year ended December 31, 20207 $71200 $75520 580920 $70120 Click if you would like to show Work for this questioni Show Work FIT