Required information The following information applies to the questions displayed below. On January 1 Year 1. Weller Company issued bonds with a $350,000 face value, a stated rate of interest of 10.00%, and a 10-year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.00% Interest is paid annually on December 31 Assuming Weller issued the bond for $377,840, what is the amount of interest expense that will be recognized during Year 37 (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $25.000 $40.567 $29,433 $20,227