Required information [The following information applies to the questions displayed below.] Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $648,412 when the market rate is 6%. 2. Determine the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense 0 0

Required information [The following information applies to the questions displayed below.] Legacy issues $660,000 of 5.5%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $648,412 when the market rate is 6%. 2. Determine the total bond interest expense to be recognized over the bonds' life