brandon corpration issued $500,000$ of $6\%$ bonds on january $1,2024$ for $464,469.$

This price provided a yield of $7\%$ on the bonds.

interest is payable semiannually on June $30$ and December $31.$

if brandon uses the effective interest method,

the amount of interest expense reported on the income statement

for the year ended december $31,2024$ should be: