Carla Vista Corporation had net income of $48,000 for the year ended December 31,2023 , and weighted average number of common shares outstanding of 10,000 . The following information is provided regarding the capital structure: 1. 5% convertible debt, 210 bonds each convertible into 41 common shares. The bonds were outstanding for the entire year. The income tax rate is 40%. The bonds were issued at par ( $1,100 per bond). No bonds were converted during the year. 2. 4% convertible, cumulative $100 preferred shares, 1,000 shares issued and outstanding. Each preferred share is convertible into 2 common shares. The preferred shares were issued at par and were outstanding the entire year. No shares were converted during the year. Calculate the after-tax interest paid on the 5% bonds. After-tax interest on bonds converted $