Skysong, Inc. Balance Sheet $($Partial$)$

December $31,2023$

Bonds Payable

$

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Premium on Bonds Payable

$($c$)$

Your answer is partially correct.

What amount of interest expense is reported for $2023?$

Interest expense

$

Would the bond interest expense reported in $2023$ be the same as$,$ greater than, or less than the amount that would be reported if the straight$-$line method of amortization were used? $($Round answers to $0$ decimal places, e$.$g$.15,250.)$

The bond interest expense reported in $2023$ will be $$ the amount that would be reported if the straight$-$line meth

On january $12022$ skysomg inc issued $$1400000$ face value $7\%10$ year bonds at $$1503401.$ The price resulted in a $6\%$ effective interest rate on bond

What is the interest expense?