Choose a city in one of the following countries: Taiwan, Spain, Uruguay, Australia, or Turkey. Research the culture of the chosen city, and write a two-page essay to describe what you need to know about three cultural differences that would help you open a subsidiary, hire staff, and manage it for your corporation successfully in that country.

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.)