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Hilltop Company issues $250,000 of ten-year, 8% bonds to yield 10% on January 1, 2023. The bonds pay interest annually on December 31. The bonds

Hilltop Company issues $250,000 of ten-year, 8% bonds to yield 10% on January 1, 2023. The bonds pay interest annually on December 31. The bonds were sold for $219,277. The bond interest expense for 2023 is: A. $25,000 B. $17,542 C. $21,928 D. $20,000

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