S Big Three Co issue its 596300 bonds at a price of 105.0 the company will credit bonds payable for $ QUESTION 6 Pearson Co issue its $141100 at a price of 105, the stated rate is 8%, the bond term is 4 years, and the market rate is 6%. Assume the term of the bonds is 4 years. Using the straight line method of amortization, the interest expense in the 1st year will be $