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Blossom Company received proceeds of $777000 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $824000, pay interest

Blossom Company received proceeds of $777000 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $824000, pay interest annually on December 31st, and have a call price of 105. Blossom uses the straight-line method of amortization. What is the amount of interest expense Blossom will show with relation to these bonds for the year ended December 31, 2017?

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