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What amount of interest expense will be recorded

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On January 1, 2015, Lyle's Limeade issues 4%, 10-year bonds with a face amount of $87,000 for $80,219, priced to yield 5%. Interest is paid semiannually.

What amount of interest expense will be recorded in the December 31, 2015, annual income statement? (Do not round intermediate calculations.)

Reference no: EM131814292

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