Problem 1 Part 1: What items are needed in order to calculate the interest on a note? a. Time (length of note) b All of the answers are necessary to calculate interest. C. Principal amount d. Interest rate Part 2: A company issued 10-year, 8% bonds with a par value of $200,000. The company received $190,000 for the bonds. Using the straight-line method to amortize the discount, what amount will be debited to bond interest expense for the first semiannual interest period a $8,000.00 b.s18,000.00 C. $7,500.00 d.s8,500.00 e. s16,000.00