Question: On June 3 0 , 2 0 2 5 , Richard Miller Company issued $ 3 , 6 0 0 , 0 0 0 .

On June 30,2025, Richard Miller Company issued $3,600,000.00 face value of 14%,20-year bonds at $4,141,660.00, a yield of 12%. Miller 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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(a)
(b)
(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.38,548.25.)
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
 On June 30,2025, Richard Miller Company issued $3,600,000.00 face value of

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