UESTION 4

1. On January 2, 2020, $187,172 in 11 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $232,044. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $58,834. On December 31, bond interest was paid; and dividends were declared and paid.

   What is the Bond Interest Expense on the Income Statement on December 31, 2020?