QUESTION 2 1 points Saved On January 1, 20X4, Golf Emporium Inc. (GEI) issued (sold) $2,000,000 of seven-year bonds that pay 5% interest semi-annually on June 30 and December 31. The market rate of interest at time of issuance was 4%. Transaction costs directly related to the issuance of these bonds totaled $20,000. GEl classified this liability at amortized cost. What amount of interest expense pertaining to the bonds should GEl report on its statement of comprehensive income for the six-month period ended June 30, 20X4? a. $43,706 b. $44,122 C.$50,000 d. $42,021