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26. On January 1, 2014, Boom Co. sold to Kapow Co. $900,000 of its 8% bonds for $864,393 to yield 9%. Interest is payable semiannually

26. On January 1, 2014, Boom Co. sold to Kapow Co. $900,000 of its 8% bonds for $864,393 to yield 9%. Interest is payable semiannually on January 1 and July 1. How much will Boom Co's first cash interest payment be for the six months ended June 30, 2014?:* Oa. $72,000 Ob. $38,898 Oc. $77,795 Od. $36,000

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