Mcgrath Corporation issues $1,900,000, 10-year, 7% bonds for $1,805,000 on January 1, 2022.

Mcgrath Corporation issued $1,900,000, 10-year, 7% bonds for $1,805,000 on January 1, 2022. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Mcgrath's fiscal year ends on December 31. The amount of discount amortization on July 1, 2022, would be A. $9,500 B. $95,000. OC. $133,000 OD. $4,750