Question: Cubs Corporation issues $ 470 comma 000 , 9 %, 5 minusyear bonds on January 1, 2023 for $ 469 comma 000 . Interest is

Cubs Corporation issues $ 470 comma 000 , 9 %, 5 minusyear bonds on January 1, 2023 for $ 469 comma 000 . Interest is paid annually on January 1. If Cubs Corporation uses the straightminus line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2023 would be:

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