On November 1, 2015, Davis Company issued $30,000, nine-year, 9% bonds for $29,064. The bonds were dated November 1, 2015, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the semi-annual interest expense when the straight-line method of amortization is utilized? O $2,648 O $1,402 O $2,804 O $2,596