Question 11 On January 2, 2020, a calendar-year corporation sold 8% bonds with a face value of $2610000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $2408000 to yield 10%. Using the effective-interest method of computing interest, how much should be charged to interest expense in 2020? $241600. $240800. $261000 $208800. Click if you would like to Show Work for this question: Open Show Work