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A company issues $25950000,7.8%,20-year bonds to yield 8% on January 1,2020 . Interest is paid on June 30 and December 31 . The proceeds from

image text in transcribed A company issues $25950000,7.8%,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 $25436376. What is interest expense for 2021 , using straight-line amortization? $2000300$2024100$2036530$2049781

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