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2 peut On January 1, 2017, Al Nadec Company issued 2,000,000 of 12% bonds due in 20 years. The bonds were med for 2,150,460, and

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2 peut On January 1, 2017, Al Nadec Company issued 2,000,000 of 12% bonds due in 20 years. The bonds were med for 2,150,460, and pay interest each July 1 and January 1. Al Nadec Company uses the effective interest method at 11% Requirement: Calculate the amount of Premium Amortized as at 1/7/2018

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