TB MC Qu. 14-95 (Algo) On June 30, 2021, Moran Corporation issued... On June 30,2021 , Moran Corpolation issued $9.0 million of its 10% bonds for $8.2 million. The bonds were priced to yield 12%. 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 ? Multiple Choice $40,500. $48,500 $42,000. $21,000