Question 6 Presented below are three independent situations (a) Larkspur Co. sold $2,150,000 of 1296, 10-year bonds at 106 on January 1, 2017, The bonds were dated January 1, 2017, and pay interest on July 1 and January 1. If Larkspur 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) Cullumber Inc. issued $630,000 of 8%, 10-year bonds on June 30, 2017, for $485,476. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Cullumber 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 o decimal places, e.g. 38,548.) Interest expense to be recorded s