uestion 2 Inland Corporation issued $400,000 of 5%, 10-year bonds on January 1, 2021, for $370,245. This price provided a yield of 6% on the bonds. Interest is payable semiannually on June 30 and December 31 If Inland uses the effective-interest method, the amount of interest expense reported on income statement for the year ended December 31, 2021 should be $20,198 $18,444 $21,372 $22,248 Moving to another question will save this response Quemon 2 of 6 Close Window