Question: Flint Inc. issued $ 1 , 0 6 0 , 0 0 0 of 1 0 % , 1 0 - year bonds on June

Flint Inc. issued $1,060,000 of 10%,10-year bonds on June 30,2025, for $938,414. This price provided a yield of 12% on the bonds. Interest is payable semiannually on December 31 and June 30. If Flint uses the effective-interest method, determine the amount of interest expense to record if financial statements are issued on October 31,2025

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