3 of 20 < View Policies -/1 E 48 Current Attempt in Progress A company issues $25650000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $25057110. Using effective-interest amortization, how much interest expense will be recognized in 2020? O $743850 O $1487700 $1503662 O $1503455 eTextbook and Media Save for Later