Coronado Inc. issued $$920,000$ of $10\%,10-$year bonds on June $30,2025,$ for $$814,472.$ This price provided a yield of $12\%$ on the bonds. Interest is payable semiannually on December $31$ and June $30.$ If Coronado uses the effective$-$interest method, determine the amount of interest expense to record if financial statements are issued on October $31,2025.($Round intermediate calculations to $6$ decimal places, e$.$g$.1\mathrm{.}251247$ and final answer to $0$ decimal places, e$.$g$.38,548.)$

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To determine the interest expense using the effectiveinterest method we first n... View the full answer