QUESTION 28 (5 points) On August 1, 2021, Hogman Co. issued $37,500,000 of 8% bonds payable at par. The bonds will mature in 8 years and pay interest on April 1 and October 1 each year. How much interest expense should Hogman Co. record for this bond on its 2021 income statement? (LE 10) $1,250,000 $1,500,000 $1,750,000 $3,000,000