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LEIL.U.JU. TU Caleb McAree: Attempt 1 Question 1 (1 point) On January 1 of Year 1, Congo Express Airways issued $3,250,000 of 5% bonds that

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LEIL.U.JU. TU Caleb McAree: Attempt 1 Question 1 (1 point) On January 1 of Year 1, Congo Express Airways issued $3,250,000 of 5% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $2,930,000 and the market rate of interest for similar bonds is 6%. The bond premium or discount is being amortized at a rate of $10,667 every six months. The amount of interest expense recognized by Congo Express Airways on the bond issue in Year 1 would be: OA) $91,917. O B) $162,500. OC) $183,834 OD) $195,000 O E) $141,166. Question 2 (1 point) Saved

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