Ranier Company issues $10,000,000,7.8%,20-year bonds to yield 8% on January 1 , 20X1. Interest is paid on June 30 and December 31 . The proceeds from the bonds are $9,802,072. Using effective-interest amortization, how much interest expense will be recognized in 201 and how much interest paid will be paid in 201 ? $784,166 Interest Expense; $800,000 Interest Paid $784,249 Interest Expense; $800,000 Interest Paid $780,000 Interest Expense; $800,000 Interest Paid $784,249 Interest Expense; $780,000 Interest Paid