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Required information

P$10-9($Algo$)$ Recording and Reporting Bonds Issued at a Premium L$010-5$

$[$The following information applies to the questions displayed below.$]$

Cron Corporation is planning to issue bonds with a face value of $$720,000$ and a coupon rate of $13$ percent. The bonds mature in five years and pay interest semiannually every June $30$ and December $31.$ All of the bonds were sold on January $1$ of this year. Cron uses the effective$-$interest amortization method. Assume an annual market rate of interest of $12$ percent. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

P$10-9$ Part $2$

$2.$ What amount of interest expense should be recorded on June $30$ and December $31$ of th year?

Note: Round your final answers to nearest whole dollar amount.

$\backslash$table$[[,$June $30,$December $31],[$Interest expense,vdots,$]]$