Enviro Company issues 11.00%, 10-year bonds with a par value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.00%, which implies a selling price of 124 7/8. The straight-line method is used to allocate interest expense

What total amount of bond interest expense will be recognized over the life of these bonds?

Total bond interest expense over life of bonds:
Amount repaid:
payments of
Par value at maturity
Total repayments	0
Less amount borrowed
Total bond interest expense	$0