A company issued 5 year, 7% bonds with a par value of $800,000. The market rate when the bonds were issued was 6.5%. The company received $816,845 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is: 456,00000 $28,000.00 $29,07180. $26,315.50. $53,091.80