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A corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid

A corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized on July 1, 2007, is _______.

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