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On January 1, 2021 Morton Sales Co. issued zero-coupon bonds with a face value of $6.3 milion for cash. The bonds mature in 10 years

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On January 1, 2021 Morton Sales Co. issued zero-coupon bonds with a face value of $6.3 milion for cash. The bonds mature in 10 years and were issued at a price of $2.661183 FV of $1. PV of St. FVA 51. PUAS. EVAD of Stand PVAD $ (Use appropriate factor(s) from the tables provided.) Required: What amount of interest expense on these bonds would Morton Sales Co. report in its 2021 income statement? (Enter your answer rounded to the nearest whole dollar) interest expense

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