Presented below are three independent situations (a Sandhill Co sold $1,950,000 of 12%, 10-year bonds at 106 on January 1 2017. The bonds were dated January 1 201, and pay interest on uly and January 1 Sandhill uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2017, and December 31, 2017. (Round answer to O decimal places, e.g. 38,548.) Interest expense to be recorded (b) Teal Inc. issued $570,000 of 9%, 10-year bonds on June 30, 2017, for $471,929. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Teal uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2017. (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548.) Interest expense to be recorded