Cubs Corporation issues $550,000, 9%, 5-year bonds on January 1, 2019 for $449,000. Interest is paid annually on January 1. If Cubs Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2019 would be: O A. $29,300 B. $49,500 C. $ 101,000 D. $69.700 A $5,000, 7% bond is sold at 98. When the bond is issued, the Cash account will be increased by: O A. $4,900. B. $5,000 O C. $5,100 OD. $5,250