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Required information [ The following information applies to the questions displayed below. ] Legacy issues $ 6 7 0 , 0 0 0 of 6

Required information
[The following information applies to the questions displayed below.]
Legacy issues $670,000 of 6.0%, four-year bonds dated January 1,2021, that pay interest semiannually on June 30 and December 31. They are issued at $624,896 when the market rate is 8%.
2. Determine the total bond interest expense to be recognized over the bonds' life.
Total bond interest expense over life of bonds:
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