Required information A company issued 10% bonds, dated January 1, with a face amount of $380,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 8%. Interest is paid semiannually on June 30 and December 31. The company uses the effective interest method. The bonds issued for a price of $405,584. Use the information above to answer the questions below. The journal entry for interest paid on December 31, 2021 will include a: (Click to select) debit to Interest Expense for $2,888 debit to Interest Expense for $19,000 debit to Premium on Bonds Payable for $2,888 debit to Discount on Bonds Payable for $2,888