Discount-Mart issues $17 million in bonds on January 1, 2021. The bonds have a eight-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Cash Paid Interest Expense Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $850,000 850,000 850,000 850,000 $916,920 920,935 925, 191 929, 703 $66,920 70,935 75,191 79,703 Carrying Value $15,281,998 15,348,918 15,419,853 15,495,044 15,574,747 What is the interest expense on the bonds in 20217 Multiple Choice $916,920 $1.700,000 $920,935 Multiple Choice $916.920 D G $1,700,000 3920.935 $1,837,855