On October 1, 2020 Waterway Industries issued 4%, 10-year bonds with a face value of $6020000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2020 income statement of Waterway Industries would be O $66220 O $54180 O $60200 O $108360