On January 1, 2018, Concord Corporation issued its 10% bonds in the face amount of $8070000, which mature on January 1, 2028. The bonds were issued for $9140000 to yield 8%, resulting in bond premium of $1070000. Concord uses the effective interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2018, Concord's adjusted unamortized bond premium should be o $1070000 O $994200 O $799800 O $963000