A JK issues $25,000,000,7.6%,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 $24,505,180. What is interest expense for 2021 , using straight-line amortization? a. $1,974,741 b. $1,905,000 c. $1,923,705 d. $1,924,741