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Sydney Park Antiques issued its 9%,20-year bonds payable at a price of $232,080 (face value is $300,000 ). The company uses the straight-line amortization method

Sydney Park Antiques issued its 9%,20-year bonds payable at a price of $232,080 (face value is $300,000 ). The company uses the straight-line amortization method for the bond discount or premium. Interest expense for each year is (Round your answer to the nearest whole dollar.) A. $30,396. B. $27,000. C. $23,604. D. $20,887

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