Discount-Mart issues $19 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $760,000 760,000 760,000 760,000 $831,609 835, 189 838, 949 842,896 $71,609 75, 189 78,949 82,896 Carrying Value $16,632,180 16,703,789 16,778,978 16,857,927 16,940,823 What is the interest expense on the bonds in 2021? What is the interest expense on the bonds in 2021? Multiple Choice $831,609. O $1,520,000. O $835,189. O $1,666,798