On June $30,2025,$ George Robinson Company issued $$4,470,000\mathrm{.}00$ face value of $14\%,20-$year bonds at $$5,142,560\mathrm{.}00,$ a yield

of $12\%.$ Robinson uses the effective$-$interest method to amortize bond premium or discount. The bonds pay semiannual interest on

June $30$ and $-$December $31.$

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$($c$)$

Provide the answers to the following questions.

What amount of interest expense is reported for $2026?($Round answer to $2$ decimal places, e$.$g$.38,548\mathrm{.}25.)$

Interest expense reported for $2026$

Will the bond interest expense reported in $2026$ be the same as$,$ greater than, or less than the amount that would be

reported if the straight$-$line method of amortization were used?

The bond interest expense reported in $2026$ will be

the amount that would be reported if the straight$-$line

Determine the total cost of borrowing over the life of the bond. $($Round answer to $0$ decimal places, e$.$g$.38,548.)$

Total cost of borrowing over the life of the bond

Will the total bond interest expense for the life of the bond be greater than, the same as$,$ or less than the total interest

expense if the straight$-$line method of amortization were used?

The total bond interest expense for the life of the bond will be

the total interest expense if the straight$-$lin