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On January 1, 2021, 51040000, 5year, 5% bonds, were issued for 5995639. The interest rate in effect when the bonds were med was 6%. Interest

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On January 1, 2021, 51040000, 5year, 5% bonds, were issued for 5995639. The interest rate in effect when the bonds were med was 6%. Interest is paid semi-annually on January 1 and July 1 What would be the amortised cost of the bond on January 1, 20221 (Round intermediate calculations to 5 decimal places.) $1007598 $1003493 5995639 O $1000000

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