On January 2, 2020, $184,709in11year,7% bonds with a market interest rate of9%, and interest payable semiannually, were issued for $237,905.On June 30, bond interest was paid.On December 31, the corporation showed an after tax Net Income of $52,502.On December 31, bond interest was paid; and dividends were declared and paid.

What is theBond Interest Expense on the Income Statementon December 31, 2020?