Required information A company issued 5% bonds, dated January 1, with a face amount of $340,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 6%. 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 $328,067. Use the information above to answer the questions below. Interest expense for the six months ended June 30, 2021 is: (Cick to select) $9,842 $9,992 $7,008 $1.492