On Jantsary 1, 2021, the Purdue Compamy issued $10,000,000 of bonds payable for $9,500,000 on the open market The bonds have a 6%. contractual rate and a maturity date of 10 years. Using the straight-line-method of amortization, what is the total bond interest expense in Purdue's. income statement for the year ended December. 31. 2021 ? 5550,000 56,50,000 $600,000 5695,000