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On January 1, 2021, Marigold Corp. issued its 12% bonds in the face amount of $7920000, which mature on January 1, 2031. The bonds were

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On January 1, 2021, Marigold Corp. issued its 12% bonds in the face amount of $7920000, which mature on January 1, 2031. The bonds were issued for $8893276 to yield 10%, resulting in bond premium of $973276. Marigold uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2021, Marigold's adjusted unamortized bond premium should be (Round intermediate calculations to O decimal places, 0.g. 9,020,890.) $717804 $912204 $856483 $973276

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