On January 1 of the current year, Barton Corporation issued 11%, 5-year bonds with a face value of $88,000. The bonds are sold for $83,600. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the current year ended December 31 is a. $440 b. $4,840 c. $10,560 d. $11,000

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