Waterway Industries issues a $1330000.8%, 20-year mortgage note on January 1. The terms provide for annual installment payments, exclusive of real estate taxes and insurance, of $135394. After the first installment payment, the principal balance is $1194606 $1330000 $1223600 $1301006 On January 1, 2020,52160000. 10-year, 10% bonds, were issued for $2069000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the amortization amount per year is $206900 $9100 $4550 $7583