Question: I get the answer with help but don't know how exactly to do it Your Answer Correct Answer (Used) Your answer is correct. On January

I get the answer with help but don't know how exactly to do it

Your Answer Correct Answer (Used) Your answer is correct. On January 2, 2020, a calendar-year corporation sold 8% bonds with a face value of $3000000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $2768000 to yield 10%. Using the effective- interest method of computing interest, how much should be charged to interest expense in 2020? $240000. $276800. $277720. $300000

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