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Current Attempt in Progress Presented below are two independent situations. Click here to view factor...

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Accounting

Current Attempt in Progress
Presented below are two independent situations.
Click here to view factor tables.
a. Kenneth Clark Co. sold $2,150,000 of 12%,10-year bonds at 104 on January 1,2025. The bonds were dated January 1,2025, and
pay interest on July 1 and January 1. If Clark uses the straight-line method to amortize bond premium or discount, determine the
amount of interest expense to be reported on July 1,2025, and December 31,2025.(Round answer to 0 decimal places, e.g.38,548.)
Interest expense to be recorded $
b. Steven Garcia Inc. issued $640,000 of 8%,10-year bonds on June 30,2025, for $493,182. This price provided a yield of 12% on the
bonds. Interest is payable semiannually on December 31 and June 30. If Garcia uses the effective-interest method, determine the
amount of interest expense to record if financial statements are issued on October 31,2025.(Round intermediate calculations to 6
decimal places, e.g.1.251247 and final answer to 0 decimal places, e.g.38,548.)
Interest expense to be recorded $
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