Question 28 Not yet answered Points out of 3 Flag question On July 1, Martin Corporation issues $1,500,000 of 10-year, 7% bonds dated July 1 at $1,350,000 when the market rate of interest is 9% Martin uses the straight-line method of amortization. Interest is paid each June 30 and December 31. The interest expense recognized for the first semiannual interest payment on December 31 is Select one. O a $7,500 O b. $52,500. Oc $60,000. Od $150,000. O e. None of these choices.