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TB MC Qu. 14-64 (Algo) On January 1, 2021, Legion Company... On January 1, 2021, Legion Company sold $250,000 of 4% ten-year bonds. Interest is

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TB MC Qu. 14-64 (Algo) On January 1, 2021, Legion Company... On January 1, 2021, Legion Company sold $250,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $156,533, priced to yield 10%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $5,000. $20,000

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