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Sweetwater Company selis $100,000 ot 10%, 15-year bonds for 97 on April 1, 2020. The market rate of interest on that day is 1021%. Interest

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Sweetwater Company selis $100,000 ot 10\%, 15-year bonds for 97 on April 1, 2020. The market rate of interest on that day is 1021%. Interest is paid each year on Apnil 1, Siveetwater Compary uses the straight Hine amorization method. The sale price of the bends was $97,000. The amount of interest expense on April 1 of each year will be which of the following? (Round your answers to the nearest whole dollar.) A. $4,080 B. $10,200 C. $4,200 D. $4,000 E. None of these. The interest expense is 5

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