What is the difference between the amount of interest expense recorded in Sunland's statement of income in 2024 and the amount of interest paid to the bondholders in 2024?

Sunland Limited issued $3,500,000 of 10 -year, 6% bonds on January 1,2024 , when the market interest rate was 7%. Sunland received $3,251,297 when it issued these bonds. Interest is payable semi-annually on July 1 and January 1 . Sunland has a December 31 year end. (a) Your answer is correct. What is the bonds' present value (issue price) on January 1, 2024? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 0.23465. Round answers to 0 decimal places, e.g. 5,275 .) Bonds' present value (issue price) on January 1, 2024 $ Assume that Sunland has a December 31 year end. Calculate how much of the bond discount was amortized in 2024. Amortization amount $ eTextbook and Media Assistance Use eTextbook Attempts: 1 of 5 d) What is the difference between the amount of interest expense recorded in Sunland's statement of income in 2024 and the amount of interest paid to the bondholders in 2024 ? Difference $