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On October 1, 2020 Crane Company issued 6%, 10-year bonds with a face value of $6040000 at 103 . Interest is paid on October 1

image text in transcribed On October 1, 2020 Crane Company issued 6\%, 10-year bonds with a face value of $6040000 at 103 . Interest is paid on October 1 and April 1 , with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2020 income statement of Crane Company would be $86070$172140$90600$95130

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