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Interest for bond ( held - to - maturity ) investments On February 1 , Hansen Company purchased $ 7 2 , 0 0 0

Interest for bond (held-to-maturity) investments
On February 1, Hansen Company purchased $72,000 of 5%,10-year Knight Company bonds at their face amount plus 1 months accrued interest. The bonds pay interest on January 1 and July 1. On October 1, Hansen Company sold $26,400 of the Knight Company bonds acquired on February 1, plus 3 months accrued interest. On December 31,3 months interest was accrued for the remaining bonds.
Determine the interest earned by Hansen Company on Knight Company bonds for the year.
$fill in the blank 1

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