On March 1,2017,Uncontracted Capacity Company (UCC)purchased $20,000 of Utility Service Corporation's 9% bonds at a purchase price of 90.Uncontracted Capacity Company,whose year end is December 31,expects to hold the bonds until their maturity date 5 years from the date of purchase.Interest on the bonds will be paid every March 1 and September 1 until maturity.Assuming that UCC is a private corporation that elects to amortize premium or discounts using straight-line amortization,how much total interest revenue will be recorded by UCC on September 1,2017?

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The Answer of On March 1,2017,Uncontracted Capacity Company (UCC)purchased $20,000 of Utility Service Corporation's 9% bonds at a purchase price of 90.Uncontracted Capacity Company,whose year end is December 31,expects to hold the bonds until their maturity date 5 years from the date of purchase.Interest on the bonds will be paid every March 1 and September 1 until maturity.Assuming that UCC is a private corporation that elects to amortize premium or discounts using straight-line amortization,how much total interest revenue will be recorded by UCC on September 1,2017?