On January 1, 2020 Wyatt Company issues $800,000 of 6% bonds due in 12 years, with interest payable on June 30 and December 31 each year. Lowden Inc. purchases all the bonds in a private placement. Assuming the market rate of interest on the issue date is 8%. Lowden will purchase the bonds for $697,497. Calculate the amount of interest revenue that Lowden Inc. would record for the December 31, 2020 interest payment. (round to the nearest dollar). O $28,400 $24.000 O $27.900 O $28,056 O None of the above