Remaining Time: 59 minutes, 54 seconds Question Completion Status Moving to another question will save the respone Question 1 0.75 points On January 1, Zoom Inc issued $1,500,000,9% bonds for $7,042.500. leterest in puyable annually con December JL. The market rate of interest for these hoes 10 Using the effective interest method of amortiring bond discount, what would be the amount of bonds payable to be reported by Zoom at the end of the first year O A $7,071,750 8.57,088,250 OC $7,117,500 O D. $387,075 Question 73 Moving to another question will save the response Bb