solitary stock. common stock 3 points Lake Company received proceeds of $188,500 on 10- year, 8% bonds issued on January 1, 2011. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Lake uses the straight-line method of amortization. What is the amount of interest Lake must pay the bondholders in 2011? $16,000 $14,850 $15,080 $17,150