The Marx Company Issued $100,000 of 12% Bonds on April

Multiple Choice

The Marx Company issued $100,000 of 12% bonds on April 1, 2010 at face value. The bonds pay interest semiannually on January 1 and July 1. The bonds are dated January 1, 2010, and mature on January 1, 2014. The total interest expense related to these bonds for the year ended December 31, 2010 is

A) $1,000
B) $3,000
C) $9,000
D) 12,000