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Alan Smith Antiques issued its 7%,20 year bonds payable at a price of $846,720 (face value $900,000). The company uses the straight-line amortization method for

Alan Smith Antiques issued its 7%,20 year bonds payable at a price of $846,720 (face value $900,000). The company uses the straight-line amortization method for the bonds. What is the interest expense for each year?

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