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Jacob Company sold 51,020,000 of 4%, 10-year bonds at 9 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on

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Jacob Company sold 51,020,000 of 4%, 10-year bonds at 9 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. Jacob paid $20,000 in bond issue costs. If Jacobuses the straight-line amortization, the amount of interest expense for year 2021 would be (Do not add dolor sit do not add comma by yourself to your amount round the answer to the whole number

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