On January $1,2024,$ an investor paid $$319,000$ for bonds with a face amount of $$385,000$The stated rate of interest is $8\%$ while the current market rate of interest $10\%$Using the effective interest method, how much interest income is recognized by the investor in $2024$ assume annual interest payments and amortization? Choice $ $30,800$ $$31\mathrm{.}900$ $ $25,520$ $ $38,500$