Impression Corporation issued $360,000 of 6%, 10-year bonds on January 1, 2022, for $311,075. This price provided a yield of 8% on the bonds. Interest is payable semiannually on June 30 and December 31. If Impression uses the effective-interest method, the amount of interest expense reported on income statement for the year ended December 31, 2022 should be: $24,952 O $18,512 O $22,398 GO $20,297