urgent 1245

On January 3,2020 , Sheridan Company acquires $545000 of Pina Company's 10 -year, 10% bonds at a price of $582090 to yield 8%. Interest is payable each December 31 . The bonds are classificd as held-to-maturity. Assuming that Sheridan Company uses the straight-line method, what is the amount of premium amortization that would be recognized in 2022 related to these bonds? $3709 $8570 $7933 $7298