On January 1, $996,000, 5-year, 10% bonds, were issued for $966,120. 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. $49,800 $29,880 O$5,976 O $2,988 O Previous PM 10/7/2019