Calculate the bond B interest expense that would appear on the income statement for the year ended July $31,2027.$

Assume that bond B issues was retired on December $1,2027,$ ?at $97.$ ?Record the entries

Bond Issue B (A) (B) Cash Interest Period Paid Interest Expense (C) $560,000.0 (E) 8.5% Amort. (D) Unamortized Period Ending 8.0% 3/12 3/12 (A) - (B) Balance (E) Carrying Value $560,000 (D) Apr. 1/18 $18,736 $ 541,264 Jul. 1/18 $ 11,200 $ 11,502 302 18,434 541,566 : Apr. 1/26 11,200 11,779 579 5,102 554,898 Jul. 1/26 11,200 11,792 592 4,510 555,490 Oct. 1/26 11,200 11,804 604 3,906 556,094 Jan. 1/27 11,200 11,817 617 3,289 556,711 Apr. 1/27 11,200 11,830 630 2,659 557,341 Jul. 1/27 11,200 11,843 643 2,016 557,984 Oct. 1/27 11,200 11,857 657 1,359 558,641 Jan. 1/28 11,200 11,871 671 688 559,312 Apr. 1/28 11,200 11,888* 688 0 560,000 Totals $ 448,000 $466,736 $18,736 *Adjusted for rounding