14. Jordan Company. issued 6,000,000 of 8% debentures on May 1, 2018 and received cash totaling 5,323,577. The bonds pay interest semiannually on May 1 and November 1. The maturity, date on these bonds is November 1, 2022. The firm uses the effective interest method of amortizing discounts and premiums. The bonds were sold to yield an effective-interest rate of 10%.The total dollar amount of discount or premium amortization during the first year (1-5-2018 through 30-4- 2019) these bonds were outstanding are (4 Points) 480,000 533 667 53 667 O None of these answers is correct