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On March 2, 2021, 20-year, 6 percent, general obligation serial bonds were issued at the face amount of $3,000,000. Interest of 6 percent per annum

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On March 2, 2021, 20-year, 6 percent, general obligation serial bonds were issued at the face amount of $3,000,000. Interest of 6 percent per annum is due semiannually on March 1 and September 1. The first payment of $150,000 for redemption of principal is due on March 1, 2022. Fiscal year-end occurs on December 31. What is the interest expense for the fiscal year ending December 31, 2021? $90,000 $150,000 $135,000 None of the above

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