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A company issues $25850000 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 $25850000 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 $25338356 What is interest expense for 2021, using straight-line amortization? $1992401 $2016300 $2041882 $2028631

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