On January 1, 2022, Huber Co. sold 12% bonds with a face value of $1,000,000. The Question 20 ( 2.5 points) bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $1,077,250 to yield 10\%. Using the effectiveinterest method of amortization, interest expense for 2022 is $107,419 $100,000. $120,000 $107,700