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On July 1, 2021, Grott, Inc. issued 9% bonds in the face amount of $10,000,000, which mature on July 1, 2027. The bonds were issued

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On July 1, 2021, Grott, Inc. issued 9\% bonds in the face amount of $10,000,000, which mature on July 1, 2027. The bonds were issued for $9,560,000 to yield 10%, resulting in a bond discount of $440,000. Grott uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2023, Grott's unamortized bond discount should be $322,400$310,000$352,000$340,000

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