(Answered) Alan smith antiques issued its 7 20-year bonds payable at a

Accounting

Alan Smith Antiques issued its 7%, 20-year bonds payable at a price of $846,720 (face value is $900,000). The company uses the straight-line amortization method for the bonds. Interest expense for each year is _____________? (Round your answer to the nearest whole dollar)

A. $65,664

B. $60,336

C. $63,000

D. $59,270

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