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Sparks Sparks Company received proceeds of $634,500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $600,000, pay

Sparks Sparks Company received proceeds of $634,500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $600,000, pay interest annually on December 31, 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, 2020? O$44,550 O $48.000 O $50,760 O $37.650

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