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Marigold Limited issued $1,400,000 of 10 year, 6% bonds on January 1,2024. when the market interest rate was 7%. Marigold received $1.300.519 when it issued

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Marigold Limited issued $1,400,000 of 10 year, 6% bonds on January 1,2024. when the market interest rate was 7%. Marigold received $1.300.519 when it issued these bonds. Interest is payable semi-annually on July 1 and January 1. Marigold hasa Decenber 31 yearend. Assume that Marigold has a December 31 yeakend. Calculate how much of the bond discount was amortized in 2024. Amortization amount $

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