Required information A company issued 10% bonds, dated January 1, with a face amount of $460,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 12%. Interest is paid semiannually on June 30 and December 31. The company uses the straight-line interest method. The bonds issued for a price of $431,435. Use the information above to answer the questions below. What will be the effect of the bonds on the company's earnings for the six months ended June 30, 2021? (Click to select) Decrease in net income of $26,1 Increase in net income of $23,000 Decrease in net income of $23,000 Increase in net income of $26,571