Discount-Mart issues 519 million in bonds on January 1 2021. The bonds have o 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; Interest Increase in Carrying Date Cash Paid Expense Carrying Value Value 01/01/2021 $ 16,940,824 06/30/2021 $760, eee $847,041 $ 87,041 17,027,865 12/31/2021 760, eee 851,393 91,393 17,119,258 06/30/2022 760, eee 855,963 95,963 17,215,221 12/31/2022 760, eee 860,761 100,761 17,315,982 What is the interest expense on the bonds in 2021? Multiple Choice $1520.000 1 Multiple Choice $1,520.000 $847041 $851,393 51698.434