On January 1, 2021, Lizzys Lemonade issues 5%, 20-year bonds with a face amount of $100,000 for

Question:

On January 1, 2021, Lizzy’s Lemonade issues 5%, 20-year bonds with a face amount of $100,000 for $88,443, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date?