Redding Corporation issued $400.000 of 10%, five-year bonds. The bonds are dated and sold on February 1 2020. Interest payment dates are February 1 and August 1. The market interest rate is 8% and the bonds are sold for $432.442 The company uses the effective interest method of amortization What is the amount of interest expense and premium amortization that Redding Corporation will record on August 1.2020 the first semiannual interest payment date? Round to the nearest cent Interest expense $20.000.00 Premium amortization $2,000.00 Interest expense Premium amortization OB $20.000.00 $1.351.50 Interest expense Premium amortization $17.297.68 52.702.32 Interest expense Premium amortization OD $16.000.00 54.000.00