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Marigold Company received proceeds of $197160 on 10-year, 7% bonds issued on January 1, 2018. The bonds had a face value of $212000, pay interest

Marigold Company received proceeds of $197160 on 10-year, 7% bonds issued on January 1, 2018. The bonds had a face value of $212000, pay interest annually on January 1, and have a call price of 101. Marigold uses the straight-line method of amortization. What is the amount of interest Marigold must pay the bondholders on January 1, 2019?

$13356

$16040

$13721

$14840

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