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On June 30, 2025, Kevin Hall Company issued $5,840,000.00 face value of 13%, 20-year bonds at $6,279,340.00, a yield of 12%. Hall uses the effective-interest

On June 30, 2025, Kevin Hall Company issued $5,840,000.00 face value of 13%, 20-year bonds at $6,279,340.00, a yield of 12%. Hall uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.

What amount of interest expense is reported for 2026? (Round answer to 2 decimal places)

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