On January 1, Year 1, Willette Company sold

$240,000

of

6%

ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for

$180,181

, priced to yield

10%

. Using the straight-line method, what is the amount of interest Note: Round Willette will report for the six months ended June 30 , Year 1?\ Note: Round each calculation to the nearest whole dollar.

On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $180,181, priced to yield 10%. Using the straight-line method, what is the amount of interest expense that Willette will report for the six months ended June 30, Year 1? Note: Round each calculation to the nearest whole dollar