Soved Help Save & Exit Cramer Company sold five year, 6% bonds on October 1, 2021. The face amount of the bonds was $155,000, while the issue price was $160,000. Interest is payable on April 1 of each year. The fiscal year of Cramer Company ends on December 31. How much interest expense will Cramer Company report in its December 31, 2021, income statement (assume straight-line amortization)? (Do not round intermediate calculations.) Multiple Choice $2.400 C+02 O RE 11 IN 87'F AQI 55 A