On January 1, 2020, Huber Co, sold 12% bonds with a face value of $2,000,000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $2.154,500 to yield 10%. Using the effective interest method of amortization, interest expense for 2020 IS $215,400 $214,836. $200,000 $240,000