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On January 1, 2017. Always Corporation issues $3,400,000, 5-year, 12% bonds for $3,340,000. Interest is paid semiannually on January 1 and July 1. Always Corporation

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On January 1, 2017. Always Corporation issues $3,400,000, 5-year, 12% bonds for $3,340,000. Interest is paid semiannually on January 1 and July 1. Always Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The amount of discount amortized on July 1, 2017 is: O A. $60,000 OB. $6,000 O c. $3,000 D. $12,000

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