Question 4 3 pts Reeder Company issued $500,000 in 5% bonds payable for $472,088. Interest is paid annually on December 31. The market rate of interest is 6%. Reeder uses the effective interest method to amortize bond discounts and premiums. What amount of bond interest expense would be recorded on the first annual interest payment made on December 312 ENTER YOUR ANSWER AS A WHOLE NUMBER WITH NO SPECIAL FORMATTING