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On January 1, 2021, Solo Inc. issued 1,700 of its 9%, $1,000 bonds at 99. Interest is payable semiannually on January 1 and July 1.

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On January 1, 2021, Solo Inc. issued 1,700 of its 9%, $1,000 bonds at 99. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2031. Solo paid $30,000 in bond issue costs. Solo uses straight-line amortization. The amount of interest expense for 2021 is

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