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Question: please show work mcintarfer corporation issued 200000 of 8 15year...

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(Please show work)

Mcintarfer Corporation issued $200,000 of 8​%, 15​-year bonds payable on January​ 1, 2019. The market interest rate when the bonds were issued was 11​%. Interest is paid semiannually on January 1 and July 1. The first interest payment is July​ 1, 2019. Using the​ effective-interest amortization method, how much interest expense will Mcintarfer record on July​ 1, 2019​? Use Excel®  to calculate the issue price.

            $8,602

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