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McCoy Corporation issued $100,000 of 7.5% 10-year bonds. The bonds are dated and sold January 1, 2013. Interest payment dates are January 1 and July

McCoy Corporation issued $100,000 of 7.5% 10-year bonds. The bonds are dated and sold January 1, 2013. Interest payment dates are January 1 and July 1. The bonds are issued for $96,602 to yeild the market interest rate of 8%. Using the effective-interest method, the interest expense that McCoy Corporation will record on July 1, 2013 is $3,864. What is the amount of discount amortization that McCoy Corporation will record on July 1, 2013, the first semiannual interest payment date?

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