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Chess Corporation issued $800,000 of bonds on January 1, 2018. They have an 8-year term and pay interest semiannually on June 30 and December 31

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Chess Corporation issued $800,000 of bonds on January 1, 2018. They have an 8-year term and pay interest semiannually on June 30 and December 31 of each year. This is the partial bond amortization schedule for the bonds. Date Cash Interest Effective Interest Increase in Balance 1/1/2018 Outstanding Balance 710,129 714,084 6/30/2018 28,000 31,956 32,134 3,956 4,134 12/31/2018 28,000 718,218 6/30/2019 28,000 1/31/2019 28,000 What is the amount of unamortized discount as of December 31, 2019? 0 $4,514. O $72,947 0 $727,052 $16,924

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