Interest for bond (held-to-maturity) investments On February 1, Hansen Company purchased $144,000 of 7%,15-year Knight Company bonds at their face amount plus 1 month's acerued Interest. The bonds pay interest on January 1 and July 1. On October 1, Hansen Company sold 551,600 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