On January 1, Year 1, Victor Company issued bonds with a $261,000 face value, a stated rate of interest of 4\%, and a 5 -year term to maturity. The bonds sold at 97 . Interest is payoble in cash on December 31 of each year. Victor uses the straight line method to amortize bond discounts and premiums. What is the amount of interest expense appearing on the income statement for the year ending December 31, Year 3? Multiple Oroicie 510,440 12.006 52,60