The Following Information Applies to Both Questions 77 and 78

Multiple Choice

The following information applies to both questions 77 and 78.
On October 1, 2014 Macklin Corporation issued 5%, 10-year bonds with a face value of $4,000,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis.
-Bond interest expense reported on the December 31, 2014 income statement of Macklin Corporation would be

A) $46,000
B) $50,000
C) $54,000
D) $92,000
The following information applies to both questions 79 and 80.
On October 1, 2014 Bartley Corporation issued 5%, 10-year bonds with a face value of $5,000,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis.