Mark Meyer Company issues $240,000 of 6%, 15 year bonds dated January 1, 2020 that pay interest semi-annually on June 30 and December 31. The bond issue price was 198,494 and their market rate is 8% at the issue date. The total bond interest expense to be recognized over the life of the bonds is closest to? $473.506 $174 494 $329,506 $257.506 $216,000