on january 1, elias corporation issued 7% bonds with a face value of $76,000. the bonds are sold for $73,720. the bonds pay interest semiannually on june 30 and december 31 and the maturity date is december 31, 10 years from now. elias records straight-line amortization of the bond discount. the bond interest expense for the year ended december 31 of the first year is a. $5,548 b. $5,320 c. $2,280 d. $443
