On June 30, 2024, L N. Bean issued $26 million of its 8% bonds for $24 million. The bonds were priced to yield 10% Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2024? Multiple Choice $1,200,000 $1,260,000 $1,350,000 $1,500,000