Problem
On January 2, $181985 in 11 year, 9% bonds with a market interest rate of 6%, and interest payable semiannually, were issued for $212262. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $57758. On December 31, bond interest was paid; and dividends were declared and paid.
What is the Bond Interest Expense on the Income Statement on December 31?