The levi company issued $200,000 of 12% bonds on january 1 of the current year at face value. the bonds pay interest semiannually on january 1 and july 1. the bonds are dated january 1, and mature in five years, on january 1. the total interest expense related to these bonds for the current year ending on december 31 is
a) $12,000
b) $2,000
c) $24,000
d) $6,000

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation