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On January 1, 2017, Ayayai Co. issued 8% bonds with a face value of $646,000 for $531,864 to yield 11%. The bonds are dated January

On January 1, 2017, Ayayai Co. issued 8% bonds with a face value of $646,000 for $531,864 to yield 11%. The bonds are dated January 1, 2017, and pay interest annually. What amount is reported for interest expense in 2017 related to these bonds, assuming that Ayayai used the effective-interest method for amortizing bond premium and discount? (Round answer to 0 decimal places, e.g. 38,548.)

Interest expense to be reported for 2017

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