Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds has a face value of $400,000, pay interest annually on December 31 st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the amount of interest expense Sparks will show with relation to these bonds for the year ended December 31, 2014? a. $32,000 b. $33, 840 c. $29, 700 d. $25, 100 Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds has a face value of $400,000, pay interest annually on December 31 st, and have a call price of 102. sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015? a. $400,000 b. $418, 400 c. $381, 600 d. $420, 700