On January 1, 2020, Jamelle, Inc. issued $500,000 face amount, 5% stated interest rate, 12-year bonds which pay interest semi-annually on June 30 and December 31. The market rate of interest was 6%, and the issue price of the bonds was $457,661. How much interest expense would Jamelle record on June 30, 2020? O $11.992 $13,730 $12.500 $14,904