At the beginning of 2020, Churchill Corporation issued 10% bonds with a face value of $4,000,000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The market interest rate is 12%. Churchill uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2020? (Round your answer to the nearest dollar.) Select one: o a. $444,666 ob. $446,012 O c. $458,880 od. $443,334