Required information The following information applies to the questions displayed below. On April 1, year 1, Cricket Corporation issues $34 million of 10%, 12-year bonds payable at par Interest on the bonds is payable semiannually each April 1 and October 1 Interest expense on this bond issue reported in Cricket's Year 1, income statement is: Multiple Choice $1,133,333 $2,266,666 $2,550,000 $3,400,000