Coronado Inc. issued

$920,000

of

10%,10

-year bonds on June 30,2025 , for

$814,472

. This price provided a yield of

12%

on the bonds. Interest is payable semiannually on December 31 and June 30. If Coronado uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2025. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.)\ Interest expense to be recorded

Coronado Inc. issued $920,000 of 10%,10-year bonds on June 30,2025 , for $814,472. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Coronado uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2025. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548 .) Interest expense to be recorded \$