On January 1, 2021, MHK Corporation sold $215,000 of 11% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $191,310, priced to yield 13%. MHK records interest at the effective rate. MHK should pay cash interest for the six months ended June 30, 2021, in the amount of Multiple Choice $13,975 $12.435. $10,522 $11,825