Kingbird Ltd reported Long-Term Liabilities and Shareholders' Equity in its December 31, 2024 Balance Sheet as follows: Long Term Liabilities: Bonds Payable 6% interest, convertible to 40 common shares/$1,000 bond $2,000,000 Bonds Payable 9% interest, convertible to 40 common shares/$1,000 bond Shareholders' Equity: Class A Preferred shares. no par value, $3 dividend, cumulative, $5,200,000 each preferred share convertible into 8 common shares, 250,000 authorized, issued and outstanding $2,000,000 Class B Common shares No-par, 3,000,000 authorized, issued and outstanding $6,000,000 All of the above reported bonds payable, preferred shares and common shares were outstanding throughout fiscal 2024. No (c) Your answer is incorrect. Calculate the after-tax interest paid on the 6% bonds. After-tax interest paid $ eTextbook and Media Save for Later 120000 Assistance Used Attempts: unlimited Submit