A company issues $17100000, 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 $16704737. What is interest expense for 2021, using straight-line amortization?

A company issues $17100000, 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 $16704737. What is interest expense for 2021, using straight-line amortization? O $1366926 O $991800 O $1003612 O $1011563