1)On January 1, 2020, Covid-19 Inc. issued $15,000 in bonds for $14,700. They were 6-year bonds with a stated rate of 9%, and pay semiannual interest. Covid-19 Inc. uses the straight-line method to amortize the Bond Discount. Immediately after issue of the bonds, the ledger balances appeared as follows:

Discount on Bonds payable

debit

300

Bond Payable

credit

15.000

After the first interest payment on June 30, 2020, what will be the balance in the Discount Account? (25 pts.)