Brain boost inc. is a leading educational toy company. competitors across the globe have failed to imitate brain boost's production models, supply chain systems, knowledge systems, and culture. these attributes have remained unique to brain boost inc. for a long time. which of the following assumptions of the resource-based model of competitive advantage does this scenario best illustrate?

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)