On January 1, Year 1, The Hanover Corporation issued $39,000 of 8%, 5-year bonds at 97. Hanover uses the straight-line method of bond discount

amortization. The interest payments are due on December 31 each year. How much interest expense will Hanover report on its income statement on

December 31, Year 1? (Do not round intermediate calculations. Round your answer to nearest whole dollar.)

On January 1, Year 1, The Hanover Corporation issued $39,000 of 8%, 5-year bonds at 97. Hanover uses the straight-line method of bond discount amortization. The interest payments are due on December 31 each year. How much interest expense will Hanover report on its income statement on December 31, Year 17 (Do not round intermediate calculations, Round your answer to nearest whole dollar) Multiple Choice $234 O $1170 $3.120 $3.354