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Question Content Area Levi Company issued $90,000 of 10% bonds on January 1 of the current year at face value. The bonds pay interest semiannually

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Levi Company issued $90,000 of 10% bonds on January 1 of the current year at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated January 1 and mature in 5 years on January 1. The total interest expense related to these bonds for the current year ending on December 31 is

a. $9,000

b. $6,750

c. $4,500

d. $750

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