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TB MC Qu. 14-67 (Algo) On June 30, 2021, L. N. Bean issued... On June 30, 2021, L. N. Bean issued $10 million of its

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TB MC Qu. 14-67 (Algo) On June 30, 2021, L. N. Bean issued... On June 30, 2021, L. N. Bean issued $10 million of its 6% bonds for $9 million. The bonds were priced to yield 8%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used how much bond interest expense should the company report for the 6 months ended December 31, 2021? Multiple Choice $315,000 $400,000 o $100.000 $360,000

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