Question 1 On July 1 2016, Sheffield Corp. issued 8% bonds in the face amount of $11100000, which mature on uly 1 2022. The bonds were issued i r$972000 to yield 996 resulting in a bond discount of $1380000. Sheffield uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2018, Sheffield's unamortized bond discount should be $1298120 $1340120 $1310520 $1328120