On November 1, 2017,Austin Services issued $305,000
On November 1, 2017,Austin Services issued $305,000 of five-year bonds with a stated rate of 12%. Thebonds were issued at par, and Austin makes semiannual payments on April 30and October 31. On December 31, 2017, Austin made an adjusting entry to accrueinterest at year-end.No further entries were made until April 30, 2018,when the first payment was made. What amount of interest expense was recordedfor the period of January 1 to April30, 2018?