$20.$ On October $1,2021,$ Emma Company issued, $800$ of its $7$ percent, $7$ year $$1,000$ bonds at an issue price of $$893,530.$ The market rate of interest was $5\%,$ and interest is payable semiannually. Determine the total interest expense over the life of

the bonds.

A$)$ $$304,661$

B$)$ $$485,530$

C$)$ $$298,470$

D$)$ $$392,000$