article 4-Google Capsim Portal New Tab abled: Sp21.352-1026 Exam 1 PART 2_T... Help Save & Exit Subre On January 1, 2021, an investor paid $297,000 for bonds with a face amount of $350,000. The stated rate of interest is 10% while the current market rate of interest is 12%. Using the effective interest method, how much interest income is recognized by the investor in 2021 (assume annual interest payments and amortization)? Multiple Choice $35,640. $42,000. $35,000. $29,700