Question: ( b ) On January 1 , 2 0 2 5 , Sarasota Co . issued ( 8 % ) bonds with

(b) On January 1,2025, Sarasota Co. issued \(8\%\) bonds with a face value of \(\$ 646,000\) for \(\$ 531,864\) to yield \(11\%\). The bonds are dated January 1,2025, and pay interest annually. What amount is reported for interest expense in 2025 related to these bonds, assuming that Sarasota used the effective-interest method for amortizing bond premium and discount? (Round answer to 0 decimal places, e.g.38,548.) Interest expense to be reported for 2025\$
( b ) On January 1 , 2 0 2 5 , Sarasota Co .

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