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Blossom Inc. had net income for the current year ending December 31,2023 of $1.230,480. During the entire year, there were 506,000 common shares outstanding. The

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Blossom Inc. had net income for the current year ending December 31,2023 of $1.230,480. During the entire year, there were 506,000 common shares outstanding. The company had two classes of preferred shares outstanding the Class A preferred shares were $2.62 cumulative shares of which 10,000 were outstanding. and were convertible to common shares at a rate of 1:1 There were 102,000$5.62 Class B non-cumulative preferred shares outstanding that were also convertible at a rate of 1:1. Blossom had outstanding a $1,000,000,8% bond issued in 2012 that was convertible to 21,000 common shares. The company also had outstanding a $1,000,000,7% bond issued in 2013 that was convertible to 26,000 common shares. No dividends were declared or paid this year. Blossom's tax rate is 38%. Calculate the after-tax interest paid on the 2012 bonds. After-tax interest paid $

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