Current Attempt in Progress Three independent situations follow. (b) Teal Mountain inc. sold $3 million of 10-year, 11% bonds at 102 on January 1, 2023. The bonds were dated January 1, 2023, and pay interest on July 1 and January 1. If Teal Mountain follows ASPE and uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2023, and December 31,2023. (Round answer to O decimal places, es. 5.275) Interest expense to be reported $