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A company issues $25650000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds

A company issues $25650000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $25209868. What is interest expense for 2021, using straight-line amortization? $2522456 $2513700 $2535707 $2486226

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