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On January 1, 2021, Legion Company sold $235,000 of 9% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were

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On January 1, 2021, Legion Company sold $235,000 of 9% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $206,917 priced to yield 11%. Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30, 2021, in the amount of: Multiple Choice $9.311 $10,575 O $11,380 $12,925

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