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On June 30,2025, Richard Miller Company issued $3,600,000.00 face value of 14%,20-year bonds at $4,141,660.00,...

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Accounting

On June 30,2025, Richard Miller Company issued $3,600,000.00 face value of 14%,20-year bonds at $4,141,660.00, a yield of 12%. Miller uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.
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(a)
(b)
(C)
Provide the answers to the following questions.
What amount of interest expense is reported for 2026?(Round answer to 2 decimal places, e.g.38,548.25.)
Interest expense reported for 2026
$
Will the bond interest expense reported in 2026 be the same as, greater than, or less than the amount that would be reported if
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