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On January 1, 2021, Legion Company sold $300,000 of 10% 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 $300,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $265,590, priced to yield 12%, 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 $13,280 $15,000 $15,935 $18,000

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