Question 17 Not yet answered Marked out of 1.00 P Flag question Bobo's Balloons issued $100,000, 6%, five-year bonds at 95 on January 1, 2020. The company uses straight-line amortization for amortizing bond discounts or premiums and interest is payable every July 1 and January 1. Bobo's Balloons will record how much interest expense on July 1, 2020? Select one: a. $3,500 b. $2,500 C. $6,000 O d. $5,500 e. $3,000