On January 1, 2020, Kevin Company issued three-year bonds with a face value of $670,000. When sold, the market price for the bonds was $704,531.80. The bonds paid interest annually on December 31 and mature on December 31, 2022. The stated interest rate is 10%. At the time the bonds were issued, the market interest rate for debt of identical risk and maturity was 8%. There are no issue costs. Kevin amortizes discount and premium using the Effective Interest method. Here is the amortization table for the Kevin Company bonds: Date Cash Int. Exp. Prem. Amort. Carry Value 01/01/20 704,531.80 12/31/20 67,000.00 56,362.54 10,637.46 693,894.34 12/31/21 67,000.00 55,511.55 11,488.45 682,405.89 12/31/22 67,000.00 54,594.11 12,405.89 670,000.00 Assume Kevin Company's fiscal year ends on November 30. Give the interest expense reported on Kevin Company's Income Statement for the fiscal year ended November 30, 2021. Hint: This is for a full twelve-month period