At the beginning of 2020, Tailing Corporation issued 10% bonds with a face value of $6,000,000. These bonds mature in the five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $5,558,400 to yield 12%. Tailing uses a calendar-year reporting perio Using the effective-interest method of amortization, what amount of interest expense should be reported for 2020? (Round your answer to the nearest dollar.)

	A.	$688,320
	B.	$667,000
	C.	$669,018
	D.	$665,000