Question 5 (2 points) Jacob and Company issued bonds on November 30, 2018. The bonds have a stated rate of 2%, a face value of $325,000, and were issued for $217,857.40, reflecting a yield rate of 4%. The interest payment dates are May 31 and November 30 and the bonds mature in ten years. Jacob uses the effective interest method to amortize discounts and premiums. Assuming these bonds are retired at their maturity date, what is the total amount of interest expense Jacob will recognize over the ten-year life of these bonds? $53,141.94 $271,857.40. $118.141.94 $65,000.00 This amount cannot be determined from the information given