The following information applies to the next 2 questions company issues $5,000,000, 7%, 20-year bonds to yield % on January 1, 2022. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4.505,185 Round Using Effective-Interest Amortization, how much Interest Expense will be recognized for the year 20227 Oa $374,740 Ob. $360,623 O$360,206 Od $350,000 Oe $315,363 Moving to another question will save this response.