Current Attempt in Progress At the beginning of 2020, Sheridan Company issued 8% bonds with a face value of $3400000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $3149760 to yield 10%. Sheridan 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.) O $313372 O $314704 O $316050 O $328918 Save for Later Attempts: 0 of 1 used Submit