All of the following are true of realtors except: a. they locate properties. b. they arrange an inspection of the property. c. they are usually paid about $500 per sale. d. they arrange a walk-through prior to closing.

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.)