On January 1, 2021, an investor paid $291,000 for bonds with a face amount of $300,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2021 (assume annual interest payments and amortization)? Multiple Choice $23,280 $29,100. O $30,000 O $24,000. O