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Bartlett has a fiscal year end of June 30. On July 1, 2020, the company issued 8% five year bonds with a face value of

Bartlett has a fiscal year end of June 30. On July 1, 2020, the company issued 8% five year bonds with a face value of $3,900,000. Interest is paid semiannually on June 30 and December 31. The bonds were sold for $3,598,400 to yield 10%. 


Using the effective-interest method of computing interest, how much should be charged to interest expense in the company's June 30, 2021 financial statements?

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