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On January 1, 2015, Fennis Company issued its 12% bonds in the face amount of $3,000,000,which mature on January 1, 2025. The bonds were issued

On January 1, 2015, Fennis Company issued its 12% bonds in the face amount of $3,000,000,which mature on January 1, 2025. The bonds were issued for $3,368,665 to yield 10%. Fennisuses the effective-interest method of amortizing bond premium. Interest is payable annually onDecember 31. At December 31, 2016, the adjusted unamortized bond premium should be

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