Wasserman Corporation issued 10-year bonds on January 1, 2011. Costs associated with the bond issuance were $160,000. Wasserman uses the...

Wasserman Corporation issued 10-year bonds on January 1, 2011. Costs associated with the bond issuance were $160,000. Wasserman uses the straight-line method to amortize bond issue costs. Prepare the December 31, 2011, entry to record 2011 bond issue cost amortization