On January 1, a corporation issued $1,000,000, 9% bonds for $951,000. This price resulted in an effective interest rate of 10% on the bonds. Interest is payable annually on January 1. The company uses the effective-interest method of amortizing bond discount. At the end of the first year, how much should the corporation report as unamortized bond discount? $43.900 D$40,000 $44,400 $49.000 $45,900