Knowledge Check 01 On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were issued for $180,181, priced to yield 10%. What is the amount of effective interest expense that sh recorded for the six months ended June 30, Year 1? Note: Round your answer to the nearest whole number.