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On January 1, 2018, Huff Co. sold $5,000,000 of its 10% bonds for $4,426,480 to yield 12%. Interest ispayable semiannually on January 1 and July

On January 1, 2018, Huff Co. sold $5,000,000 of its 10% bonds for $4,426,480 to yield 12%.

Interest ispayable semiannually on January 1 and July 1.

What amount should Huff report as interest expense for the twelve months ended December 31, 2018?

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