Provide the answers to the following questions.

What amount of interest expense is reported for $2026?($Round answer to $2$ decimal places, eg$.38,548\mathrm{.}25.)$

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 metr

$3.$ Determine the total cost of borrowing over the life of the bond. $($Round answer to $0$ decimal places, eg$.38,548.)$

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 met

On June $30,2025,$ Kevin Hall Company issued $$5,840,000\mathrm{.}00$ face value of $13\%,20-$year bonds at $$6,279,340\mathrm{.}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 $31.$

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