Question 24 of 40 -/1 E View Policies Current Attempt in Progress On January 1, Sunland Company issued $4700000, 9% bonds for $4395000. The market rate of interest for these bonds is 10% Interest is payable annually on December 31. Sunland uses the effective-interest method of amortizing bond discount. At the end of the first year, Sunland should report unamortized bond discount of $277500. $288500 O $261050 O $258000 Save for Later Attempts: 0 of 1 used Submit