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00 On Janury 1 2020, Kevin Company issued three-year bonds with a face due to bonds was 5663,38148 The bonds paid interest annually on December
00 On Janury 1 2020, Kevin Company issued three-year bonds with a face due to bonds was 5663,38148 The bonds paid interest annually on December and more on December 2012 6 Do The stated interest rate is 10%. At the time the bonds were steder was 11% There are no Issue costs Kevin amortizes discount and premium using the Effective interest method Here is the amortization table for the Kevin Company bonds Date Cash Int. Exp Dist. Amort Carry We 01/01/20 56288148 12/31/20 68,000.00 72.97196 14.97196 668 393.44 12/31/21 68,000.00 73.518.88 (55188 672.872.32 12/31/22 68,000.00 74,12768 16.12768) 680,000.00 Assume Kevin Company's fiscal year ends on July 31. Give the interest expense reported on a Statement for the fiscal year ended July 31, 2021. Hint: This is for a full twelve-month period
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