Consider the following statements: Statement 1. When amortizing a bond discount, the bond's amortized cost decreases each period as the interest expense increases. Statement 2. When amortizing a bond premium, the bond's amortized cost increases each period as the interest expense increases Select one: o a. Both statements are correct O b. Only statement 2 is correct O c. Only statement 1 is correct d. Neither of the statements is correct