On January 1, 2023, Crane Ltd. sold five-year, 6% bonds with a face value of $424000. Interest will be paid semi-annually on June 30 and December 31. The bonds were sold for $442555 to yield 5%. Using the effective interest method of amortization of bond discount or premium, interest expense for 2023 is O $22086. O $25440. O $21200. O $29146. On January 1, 2023, Crane Ltd. sold five-year, 6% bonds with a face value of $424000. Interest will be paid semi-annually on June 30 and December 31. The bonds were sold for $442555 to yield 5%. Using the effective interest method of amortization of bond discount or premium, interest expense for 2023 is O $22086. O $25440. O $21200. O $29146.