The interest payment on June 30, 20y2_ and the amortization of the bond discount; using the straight-line method_ Round to the nearest dollar. Interest Expense 295,668 Discount on Bonds Payable Cash 26-,000 Feedback Check My Work The straight-line method of amortization provides equal amounts of amortization over the life of the bond Determine the totab interest expense for 20Y1_ Round to the nearest dollar. Will the bond proceeds always be less than the face amount of the bonds when the contract rate less than the market rate of interest?