Discount-Mart Issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay Interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Outstanding Payment Cash Interest Balance Balance 8,640,967 300,000 345,639 45,639 8,686,606 2 300,000 347,464 47,464 8,734,070 3 300,000 349, 363 49,363 8,783, 433 300,000 1 What is the interest expense on the bonds for the year ended December 31, 2022? Multiple Choice $600,000 O $700,700 $100,700