Question 7 1 pts On February 1, 2020, Company B issued a 10-year bond at par with a par value of $500,000 dated January 1, 2020. The bonds have an interest rate of 4%, with interest payable annually on January 1. What is the net amount of interest expense recorded for this bond by December 31 (hint: interest is affected on both the issuance date and the adjustment at year-end)? $1,667 $20,1667 $20,000 $18,333