Bond Interest Expense for the year is?

USE THE FOLLOWING INFORMATION FOR QUESTIONS 33-36: XYZ CORPORATION IS FINANCED AS FOLLOWS: 9% BONDS (ISSUED AT FACE VALUE).................$4,500,000 PREFERRED $6 STOCK, $100 PAR. 3,500,000 .1,000,000 COMMON STOCK, $5 PAR.. Prior to bond interest expense and income taxes, income is $2,000,000. (EBIT - Earnings before interest & taxes) Income tax is computed at 20% of taxable income Bond Interest Expense (prior to tax consequences) for the year is: $360,000 O $405,000 o $450,000 O $500.000 Next