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On January 1, 2019.XYZ Company issued a four year, $300.000,7% bond. The interest is payable annually each December 31. The company uses the effective interest

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On January 1, 2019.XYZ Company issued a four year, $300.000,7% bond. The interest is payable annually each December 31. The company uses the effective interest amortization method. The market interest rate is 8%. The 2019 interest expense is closest to: 1p O A $23.205 OB. 521.000 O $21.000 O D.520,304

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