At the beginning of 2021. Wallace Corporation issued 10% bonds with a face value of P1,800.000. These bonds mature in the five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for P1.667,518 to yield 12%. Wallace uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should Wallace Corporation report for 2021? O 180,000 O 100.654 200.705 100.051