Question: On January 1 of the current year, Barton Corporation issued 12% bonds with a face value of $116,000. The bonds are sold for $110,200. The

On January 1 of the current year, Barton Corporation issued 12% bonds with a face value of $116,000. The bonds are sold for $110,200. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is

a.$580

b.$15,080

c.$6,960

d.$15,660

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