On January 1, 2021, Leno Ltd. issues bonds at $800,000 in the open market. The bonds have a maturity amount of $800,000 and mature on December 31, 2023. The coupon rate on the bonds is 3%, with the interest paid annually on December of each year. The maturity amount is paid on December 31, 2023. What are the income tax consequences related to this bond issue for Leno Ltd. in each of the years 2021 through 2023?