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On January 1, 2022, Company T issues 7% bonds with face value of $300,000 for $289,150 to yield 8%. Interest is paid every 6 months

On January 1, 2022, Company T issues 7% bonds with face value of $300,000 for $289,150 to yield 8%. Interest is paid every 6 months on January 1 and July 1. If Company T uses the effective-interest method of amortization, how much interest expense it should record on June 30, 2022?

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