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T! MyLU TUITLU Company Y issued a 6%, 5-year $1,000,000 bonds on 01/01/2016 at $918,887. The bonds pay interest semi- annually on 01/01 and 01/07.

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T! MyLU TUITLU Company Y issued a 6%, 5-year $1,000,000 bonds on 01/01/2016 at $918,887. The bonds pay interest semi- annually on 01/01 and 01/07. The market rate was 8%. Assuming that the accounting date is 31/12, how much was the accrued interest expense on 31/12/2016? Select one: O a. $37,026 O b. $60,000 O c. $73,781 O d. $36,755 Finish attempt. ws

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