Question 2 of 6 < > 0/8 E Presented below are two independent situations. Click here to view factor tables a. Steven Garcia Co. sold $1,950,000 of 12 %, 10-year bonds at 106 on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on July 1 and January 1. If Garcia uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2025, and December 31, 2025. (Round answer to O decimal places, eg 38,548) Interest expense to be recorded $ b. Edward Lewis Inc. issued $570,000 of 9%, 10-year bonds on June 30, 2025, for $471,929. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30, If Lewis uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31, 2025. (Round Intermediate calculations to 6 decimal places, eg. 1.251247 and final answer to O decimal places, eg. 38,548) Interest expense to be recorded $ Assistance Used