On January 1, Year 1, Ocean Enterprises issued bonds with a face value of $60,000, a stated rate of interest of 8% and a fiveyear term to maturity. Interest is payable In cash on December 31of each year. The effective rate of interest was 9% at the time the bonds were issued. The bonds sold for $57,666. Ocean Enterprises used the effective Interest rate method to amortize bond discount. Based on this Information, the amount of the discount that was amortized In Year fwas (Round answer to the nearest whole dollar) Click the answer you think is right. $577 $410 $800. $390 Rend out Do you know the onswer? No idea l know t Think so