On June 30,2025 , John Johnson Company issued $4,880,000.00 face value of 13%,20-year bonds at $5,247,120.00, a yield of 12%. Johnson uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and -December 31. Provide the answers to the following questions. 1. What amount of interest expense is reported for 2026? (Round answer to 2 decimal places, e.g. 38,548.25.) Interest expense reported for 2026$ 2. Will the bond interest expense reported in 2026 be the same as, greater than, or less than the amount that would be reported if the straight-line method of amortization were used? The bond interest expense reported in 2026 will be the amount that would be reported if the straight-line me 3. Determine the total cost of borrowing over the life of the bond. (Round answer to 0 decimal places, e.g. 38,548.) Total cost of borrowing over the life of the bond $ 4. Will the total bond interest expense for the life of the bond be greater than, the same as, or less than the total interest expense if the straight-line method of amortization were used? The total bond interest expense for the life of the bond will be the total interest expense if the straight-line m