Required information P10-9 (Static) Recording and Reporting Bonds Issued at a Premium LO10-5 [The following information opplies to the questions displayed below] Cron Corporation is planning to issue bonds with a face value of $700,000 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. (EV of S1, PV of S1. EVA of S1, and PVA of S1) (Use the appropriate factor(s) from the tables provided.) P10-9 Part 2 2. What emount of interest expense should be recorded on June 30 ond December 31 of this year? (Round your final answers to nearest whole dollor omount.)