Brimfest Corporation issued $2,200,000, 10-year, 6% bonds for $2,090,000 on January 1, 2022. Interest is paid...

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Brimfest Corporation issued $2,200,000, 10-year, 6% bonds for $2,090,000 on January 1, 2022. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Brimfest's fiscal year ends on December 31. The amount of discount amortization on July 1, 2022, would be A. $110,000. B. $5,500. C. $132,000. OD. $11,000. Brimfest Corporation issued $2,200,000, 10-year, 6% bonds for $2,090,000 on January 1, 2022. Interest is paid semiannually on January 1 and July 1. The corporation uses the straight-line method of amortization. Brimfest's fiscal year ends on December 31. The amount of discount amortization on July 1, 2022, would be A. $110,000. B. $5,500. C. $132,000. OD. $11,000.