Question: On July 1 , 2 0 2 1 , Lejune Industries issued $ 6 3 0 , 0 0 0 of 7 % bonds, dated

On July 1,2021, Lejune Industries issued $630,000 of 7% bonds, dated July 1.
Interest is payable semiannually on June 30 and December 31.
The bonds mature in 4 years.
Fourier, Inc. purchased the entire bond issue on a date when the market interest rate for bonds of similar risk and maturity was 11%.
Calculate the interest revenue that Fourier will record on December 31,2021 when it receives the first interest payment. (Please round answer to the nearest dollar).

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