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On January 1, 2024, Legion Company sold $240,000 of 11% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds

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On January 1, 2024, Legion Company sold $240,000 of 11% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds were sold for $213,556, priced to yield 13% Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30,2024, in the amount of: Multiple Choice $15,600. $13,200 $11,746. $13,881

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