1 1.5 Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2022. The bonds have a 10- year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Outstanding Payment Cash Interest Balance Balance 11,487,747 1 400,000 344,632 55,368 11,432,379 234 400,000 342,971 57,029 11,375,350 400,000 341,261 58,739 11,316,611 400,000 What would be the total interest expense recognized for the bond issue over its full term? $11,487,747. $8,000,000. $6,512,253. $9,487,747.