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Mcknight Corporabion issued $2,200,000,10-year, 4% bonds for $2,134,000 on January 1,2022 . Imerest is paid semiannualy on danuary 1 and duly 1 . The oorporation
Mcknight Corporabion issued $2,200,000,10-year, 4% bonds for $2,134,000 on January 1,2022 . Imerest is paid semiannualy on danuary 1 and duly 1 . The oorporation uses the straghtinn mothod of amortzation. Mcknight's fiscal yeas ends on December 31. The amount of discount amortization on July 1, 20z2, would be A. $66,000. B. 53,300 . C. 58B,000. D. $6.600
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