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A company issues $26100000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds

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A company issues $26100000, 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 $25652156. Using effective-interest amortization, how much interest expense will be recognized in 2020? $2565194 $2557800 $1278900 $2565401

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