Presented below are three independent situations (a) Stellar Co. sold $2,120,000 of 12%, 10-year bonds at 103 on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on July i and January 1. If Stellar 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 6360