an investor paid $295,000 for bonds with a face ammount of $355,000...

On January 1, 2024, an investor paid $295,000 for bonds with a face amount of $355,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization? Multiple Choice $29.500 O $23.600 O $35,500 O $28,400