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2- On January 1,2020 , Huber Co, sold 12% bonds with a face value of S2,000,000. The bonds mature in five years, and interest is

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2- On January 1,2020 , Huber Co, sold 12% bonds with a face value of S2,000,000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31 . The bonds were sold for $2,154,500 to yield 10%. Using the effective-interest method of amortization, What is the interest expense for 2020

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