On January $1,2024,$ an investor paid $$278,000$ for bonds with a

face amount of $$335,000.$ The stated rate of interest is $8\%$ while

the current market rate of interest is $10\%.$ Using the effective

interest method, how much interest income is recognized by the

investor in $2024($assume annual interest payments and

amortization$)?$Multiple Choice $$26,800.$ $$33,500.$ $$22,240.$ $$27,800.$