Question 17 0.5 pts On January 1, a corporation issued $1,000,000, 9% bonds for $960,000. 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 repprt as unamortized bond discount? O $40,000 $90,000 $36,500 $34.000 $6,000