What is the interest expense for the first and second year

Reference no: EM13131278

on january 1 f the current year, feller corporation issued $3000000 of 10% debenture bonds on a basis to yield 9%,receiving $3134580. interest is payable annually on december 31 and the bonds mature in 6 years.the effective interest method is used. what is the interest expense for the first and the second year?

Reference no: EM13131278

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