Required information Exercise 7-16 (Algo) Bonds payable-record issuance and discount amortization LO 7-8 [The following information applies to the questions displayed below.] Alexi Company issued $2.80 million face amount of 8%, 10-year bonds on June 1, 2022. The bonds pay interest on an annual basis on May 31 each year. ces Exercise 7-16 (Algo) Part c c. Calculate the interest expense that Alexi Company will show with respect to these bonds in its income statement for the fiscal year ended September 30, 2022, assuming that the discount of $363,000 is amortized on a straight-line basis. Accrued interest payable Discount amortization Interest expense for 4 months