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What is the amount of interest expense hooke will show

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Question - Hooke Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Hooke uses the straight-line method of amortization. What is the amount of interest expense Hooke will show with relation to these bonds for the year ended December 31, 2017?

A) $16,000

B) $15,080

C) $17,150

D) $14,850

Reference no: EM132174028

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