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A company issues $25500000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds

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A company issues $25500000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24995283. What is interest expense for 2021, using straight-line amortization? $1964755 O $2000985 O $1989000 O $2014236

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