Sunland company received proceeds of $533000 on 10 year, 8% bonds issued on January 1, 2016. the bonds have a face value of $500000, hey interest annually on December 31st and have a call price of 104. Sun land uses the straight-line method of amortization.
What is amount of Interest expense sunland will show with relation to these bonds for the year ended December 31st 2017.