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On January 1, 2021, Sunland Company sold $4900000 of its 10% bonds for $4337950 to yield 12%. Interest is payable semiannually on January 1 and

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On January 1, 2021, Sunland Company sold $4900000 of its 10% bonds for $4337950 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Sunland report as interest expense for the six months ended June 30, 2021? $216904 $294000 $245000 $260277

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