TB MC Qu. 7-101 (Algo) Jones Company issued bonds with a... Jones Company dued bonds with a $280,000 face value on January 1 Year 1. The five-year term bonds were issued at 97 and had o 850% stated vate of interest that is noyable in cash on December 31 of each year Jones amortizes the bond discount using the straight line method Based on this information The amount of interest expense shown on Jones's December 31, Year 1 income statement would be TB MC Qu. 7-101 (Algo) Jones Company issued bonds with a... Janes Company d bonds with $280.000 facevoleon Jolyt Yai The live warto boods weed at 97 and bad bon stated role of irrotti puyabile in carton December of sochy Jones omotes the bondhunting the straight line method od on this information the amount of informes December Viar income wat we Multiple Choice $25,480 $22,120 $27.160 $23,800