Crane Co. sold

$5,280,000

of

6%,10

-year bonds at 104 on January 1,2025 . The bonds were dated January 1,2025 , and pay interest on July 1 and January 1. If Crane uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be recognized on July 1, 2025, and December 31, 2025.\ Interest expense to be recorded $\ eTextbook and Media

Crane Co. sold $5,280,000 of 6%,10-year bonds at 104 on January 1,2025 . The bonds were dated January 1,2025 , and pay interest on July 1 and January 1. If Crane uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be recognized on July 1, 2025, and December 31, 2025. Interest expense to be recorded $