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Cross Co. issued bonds at 95 on January 1, 2020 with a face value of $6,000,000. The bonds are due in 3 years and have

Cross Co. issued bonds at 95 on January 1, 2020 with a face value of $6,000,000. The bonds are due in 3 years and have a stated interest rate of 4%. What is interest expense for 2020?

A. $340,000
B. $400,000
C. $300,000
D. $140,000

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