Jensen company issued a $200,000 face value bond on January 1, 2014. the bond was issued at 105 and carried a 5 year term to maturity. It had an 8% stated interest rate that was payable in cash on december 31st of each year. Assume that jensen uses the straight-line method for amortizing bond premiums and discounts.

The amount of interest expense on Jensen's 2015 Income Statement would be?