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On January 1, 2020,Coronado Industriessold toWildhorse Co.$800000of its8% bonds for $708237to yield12%. Interest is payable semiannually on January 1 and July 1. What amount shouldCoronadoreport

On January 1, 2020,Coronado Industriessold toWildhorse Co.$800000of its8% bonds for $708237to yield12%. Interest is payable semiannually on January 1 and July 1. What amount shouldCoronadoreport as interest expense for the six months ended June 30, 2020?

$32000

$28329

$48000

$42494

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