Save & Sul 21 Discount-Mart Issued ten thousand $1,000 bonds on January 1, 2021 The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Cash Effective Interest Decrease in Balance 00-5432 1 2 3 300,000 300,000 300,000 300,000 345,639 347,464 349,363 45,639 47.464 49.363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783, 433 4 What is the interest expense on the bonds for the year ended December 31, 20227