Question: $54,000 O Kimble Electronics issued its 6%, 20-year bonds payable at a price of $855,000 (face value is $900,000). The company uses the straight-line amortization

$54,000 O Kimble Electronics issued its 6%, 20-year bonds payable at a price of $855,000 (face value is $900,000). The company uses the straight-line amortization method for the bond discount or O $45,000 premium. $56.250 Interest expense for the first year is: OOO $40,000 I DON'T KNOW YET

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