On January 1, 2024, Legion Company sold $290,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $190,212, priced to yield 12%. Legion records interest at the effective rate.
Legion should report bond interest expense for the six months ended June 30, 2024, in the amount of:
Note: Round your answer to the nearest dollar amount.
Multiple Choice
$17,400.
$11,413.
$8,700.
$34,800.