On January 1, 2017, Shay issues $430,000 of 8%, 15-year bonds at a price of 97.00. Six years later, on Januany, 20z, Shay retires 25% of these bonds by buying them on the open market at 104.75. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight-line method is used to amortize any bond discount. Exercise 10-9 Part 2 2. What is the amount of the discount on the bonds at January 1, 2017? Amount of discount