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Multiple Choice Question 124 On January 1, 2017, Crane Company sold to Blossom Company $740000 of its 8% bonds for $655119 to yield 11%. Interest

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Multiple Choice Question 124 On January 1, 2017, Crane Company sold to Blossom Company $740000 of its 8% bonds for $655119 to yield 11%. Interest is payable semiannually on January 1 and July 1. What amount should Crane report as interest expense for the six months ended June 30, 2017? $29600 $36032 $40700 O $26205

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