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On January 1, 2021, Sheridan Company sold $5050000 of its 8% bonds for $4470740 to yield 10%. Interest is payable semiannually on January 1 and

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On January 1, 2021, Sheridan Company sold $5050000 of its 8% bonds for $4470740 to yield 10%. Interest is payable semiannually on January 1 and July 1. What amount should Sheridan report as interest expense for the six months ended June 30, 2021? $252500 $202000 $178836 $223537

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