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Interest for bond (held-to-maturity) investments On February 1, Hansen Compeny purchased $138,000 of 6%,15-year knight...

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Interest for bond (held-to-maturity) investments On February 1, Hansen Compeny purchased $138,000 of 6%,15-year knight Company bonds at their face amount plus 1 month's accrued interest. The bonds pay interest on January 1 and July 1 . On October 1 , Hansen Company sold $49,200 of the knight Company bonds acquired on February 1, plus 3 months' accrued interest. On December 31,3 monthe' interest was accrued for the remaining bonds. Determine the interest eamed by Hansen Company on Knight Company bonds for the year. Interest for bond (held-to-maturity) investments On February 1, Hansen Compeny purchased $138,000 of 6%,15-year knight Company bonds at their face amount plus 1 month's accrued interest. The bonds pay interest on January 1 and July 1 . On October 1 , Hansen Company sold $49,200 of the knight Company bonds acquired on February 1, plus 3 months' accrued interest. On December 31,3 monthe' interest was accrued for the remaining bonds. Determine the interest eamed by Hansen Company on Knight Company bonds for the year

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