On January 1, 2012, Trueman Corporation issued $800,000 of 20-year, 11% bonds for $739,815, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31.

a) Confirm the bond issue price.

Present value of principal repayment = ?

Present value of interest payments = ?

Selling price of bonds = $739,815

b) Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and discount amortization on June 30, 2012, and (3) semiannual interest payment and discount amortization on December 31, 2012. (Round answers to nearest whole number.)

Balance Sheet

Transaction	Cash Asset	Noncash Asset	Liabilities	Contrib Capital	Earned Capital
(1)
(2)
(3)

Income Statement

Revenue	Expenses	Net Income
(1)
(2)
(3)

This is all of the information provided on the homework question. How do I calculate the discount amortizaont for June 30 and Dec 31?