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10 points Save Sunrise Corporation issued $600,000 of 4%, 10-year bonds on January 1, 2021, for 5510,738. This price provided a yield of 6o on
10 points Save Sunrise Corporation issued $600,000 of 4%, 10-year bonds on January 1, 2021, for 5510,738. This price provided a yield of 6o on the bonds Interest is payable semiannually on June 30 and December 31. If Sunrise uses the effective interest method and fiscal year-end is on October 31, the amount of interest expense reported on the income statement for the year ended October 31, 2021 should be (Do not add dollar sig: do not add comma by yourself to your amount round the answer to the whole numbers
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