Wildhorse Co. received proceeds of $724000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $768000, pay interest annually on December 31, and have a call price of 102. Wildhorse uses the straight-line method of amortization. What is the amount of interest Wildhorse must pay the bondholders in 2019?
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