On )anuary 1 $928,000 five-year, 10% bonds, were issued for S900 160 interest is paid semiannually on January i and July 1 r the ssuing corporation uses the streghe line method to amortize the discount on bonds payable, the semiannual amortization amount is $27,840 b. $46,400 .$5,568 -4, $2,784