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On January 1, Year 1, KASE issues $200,000 of 8%, 5-year bond, dated 1/1/20X1, which matures 1/1/20X6, and must pay interest twice a year (semi-annually)

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On January 1, Year 1, KASE issues $200,000 of 8%, 5-year bond, dated 1/1/20X1, which matures 1/1/20X6, and must pay interest twice a year (semi-annually) every first of July and first of January The cumulative Bond Interest Expense through December 31, 20X4 is

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