Incorrect Question 3 011 pts On January 1, Year 1, Solis Co. issued its 10% bonds in the face amount of $8,000,000, which mature on January 1, Year 10. The bonds were issued for $9,080,000 to yield 8%, resulting in bond premium of $1,080,000. Solis uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, Year 1, Solis's adjusted unamortized bond premium should be $1,080,000 $1,006,400 $972,000 $812,000