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On January 1, 2020 . Bonita Industries sold 9% bonds with a face value of $2150000. The bonds mature in five years, and interest is

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On January 1, 2020 . Bonita Industries sold 9% bonds with a face value of $2150000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31 . The bonds were sold for $2328900 to yield 7%. Using the effective-interest method of amortization, interest expense for 2020 is $162490.$150500$193500$162973

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