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On June 30, 2021, Moran Corporation issued $12.5 miliion of its 6% bonds for $11.2 million. The bonds were priced to yleld 8%. The bonds

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On June 30, 2021, Moran Corporation issued $12.5 miliion of its 6% bonds for $11.2 million. The bonds were priced to yleld 8%. The bonds are dated June 30,2021 . Interest is payable semiannually on December 31 and July 1 . If the effective Interest method is used, by how much should the bond discount: be reduced for the six months ended December 31,2021

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