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On January 1, 2020, Bramble Corp. sold 13% bonds with a face value of $2300000. The...

On January 1, 2020, Bramble Corp. sold 13% bonds with a face value of $2300000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $2473400 to yield 11%. Using the effective-interest method of amortization, interest expense for 2020 is

$272024.
$253000.
$271334.
$299000.
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