Boudin Corporation issued $400,000 of 7%,10-year bonds on January 1,2024 , for $372,819. This price provided a yield of 8% on the bonds. Interest is payable semiannually on June 30 and December 31 . If Boudin uses the effective-interest method, the amount of interest expense reported on income statement for the year ended December 31, 2024 should be: $26.554 $29,229 $28.000 $29,862 Max Corporation issued $400,000 of 7%,10-year bonds on January 1,2024 , for $372,819. This price provided a yield of 8% on the bonds. Interest is payable semiannually on June 30 and December 31 . If Max uses the effective-interest method, the amount of cash inflows (outflows) listed under financing activities related to the bonds transaction on statement of cash flows for the year ended on December 31,2024 should be: Y28,000) $344819 $(29,862) $372.819