[The following information applies to the questions displayed below] Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $508,050 when the market rate is 12%. Problem 10-4A Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life. Answer is not complete. Total bond interest expense over life of bonds: Amount repaid: Total repaid payments of Par value at maturity 0 Less amount borrowed Total bond interest expense $ 0