On January 1,2022 , a corporation issued $500,000,6%,10-year bonds for $581,771. The bonds pay interest semi-annually on June 30 and December 31 . The market rate of interest is 4%. Use the following table to prepare a bond amortization schedule and answer the first five questions (Round your answers to the nearest \$\% What is the amount of interest expense to be reported on the income statement for the year ending December 31,2023 ? $11,429 $23,203 $30,000 $22,928 $20,000