On January 1, Year 1, Weller Company issued bonds with a $400,000 face value, a stated rate of interest of 9%, and a 10-year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 7%. Interest is paid annually on December 31. Assuming Weller issued the bond for $439,940, what is the amount of interest expense that will be recognized during Year 3? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $30,042 $18,000 $41,958 $30,432