QUESTION 11 On January 2, 2020, Saturn Corporation issued $200,000,8%, 10-year bonds for $220,000. The bonds pay interest each December 31 Saturn Corporation uses the straight-line method to amortize premium or discount. On December 31, 2020, Saturn Corporation would record a: O credit Premium on Bonds Payable for $2,000 O debit to Interest Expense for $18,000 O debit to Interest Expense for $16,000 O credit to Cash for $16,000