A company issued 6.0%, 5-year bonds with a par value of $300,000. The market rate when the bonds were issued was 7.0%. The company received $287,525.09 cash for the bonds. Using the effective interest method, the amount of interest expense for the second semiannual interest period is: Multiple Choice $10,100.60. $20,163.98. $9,000.00. $18,000.00. $10,063.38