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On January 1, 2021, Legion Company sold $265,000 of 11% ten-year bonds. Interest is payable...

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Accounting

On January 1, 2021, Legion Company sold $265,000 of 11% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $235,801, priced to yield 13%. Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30, 2021, in the amount of:

a. $12,969.

b. $15,327.

c. $14,575.

d. $17,225.

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