7 + X Course at a Glance - 2021 Fax My Home CengageNOWv2 Online teachinx Film/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Read Inc. 24 ConnectWise eBook Interest for bond (held-to-maturity) investments On February 1, Hansen Company purchased $72,000 of 5%, 15-year Knight Company bonds at their face amount plus 1 month's accrued interest. The bonds pay interest on January 1 and July 1. On October 1, Hansen Company sold $26,400 of the Knight Company bonds acquired on February 1, plus 3 months' accrued interest. On December 31, 3 months' interest was accrued for the remaining bonds. Determine the interest earned by Hansen Company on Knight Company bonds for the year