Question 1 1 pts On July 1, James Co. received $215,443 for $200,000 face amount, 12% bonds, a price that yields a 10% effective rate. Interest expense (using the effective-interest method of amortization) for the 6 months ended December 31 should be: (Round to the nearest dollar) $10,772 $21,544 $12,927 $25,853