Multiple Choice Question 155 On January 1, 2017, $4170000, 10-year, 10% bonds, were issued for $4044000. Interest is paid annually on January 1 If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is $2724 $1050 $40440 $12600 Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor