On January 1, $885,000, 5-year, 10% bonds, were issued for $858,450. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight line method to amortize discount on bonds payable, what is the semiannual amortization amount? Select the correct answer $2,655 $26,550 $44,250 $5,310