A company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2015. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4,901,036. Using effective- interest amortization, how much interest expense will be recognized in 2015? Select one: O a. $390,000 b. $392,083 O C. $392,124 d. $195,000 The cost of land does not include Select one: a. costs of improvements with limited lives. b. special assessments. C. costs of removing old buildings. d. costs of grading, filling, draining, and clearing