Blossom Home Supply Company received proceeds of $699000 on 10-year, 8% bonds issued on January 1, 2025

Accounting Apr 25, 2023

Blossom Home Supply Company received proceeds of $699000 on 10-year, 8% bonds issued on January 1, 2025. The bonds had a face value of $746000, pay interest annually on December 31, and have a call price of 102. Blossom Home Supply uses the straight-line method of amortization. What is the amount of interest Blossom Home Supply will pay bondholders in 2025?

O $54980 O $55920 O $64380 O $59680