uizzes Question 16 2 pts Modules Collaborations On January 1, 2017, Apple Co, issued $1,000,000, 10% bonds for $895,000. The market rate of interest for these bonds is 8% Interest is payable annually on December 31. Apple Co. uses the effective interest method of amortizing bond discount. On December 31, 2018, what would be the interest expense? Office 365 Collaborate Ultra Clicker Sync 571.600 573,872 $89,500 $100,000 uizzes Question 16 2 pts Modules Collaborations On January 1, 2017, Apple Co, issued $1,000,000, 10% bonds for $895,000. The market rate of interest for these bonds is 8% Interest is payable annually on December 31. Apple Co. uses the effective interest method of amortizing bond discount. On December 31, 2018, what would be the interest expense? Office 365 Collaborate Ultra Clicker Sync 571.600 573,872 $89,500 $100,000