Question 26 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 bond discounts or premiums and interest is payable every July 1 and January 1. Bobo's Balloons will record how much interest payable on July 1, 2020? Select one: a. $3,500 b. No interest payable should be recognized on July 1. O c. $3,000 O d. $6,000 O e. $2,500