Question: P&G issues bonds dated January 1 , 2 0 2 1 , with a par value of $ 6 0 0 , 0 0 0

P&G issues bonds dated January 1,2021, with a par value of $600,000. The bonds annual contract rate is 5%, and interest is paid semiannually on June 30 and Dec 31. The bonds mature in 10 years. And the bonds are sold for $510,000.
What is the amount of discount amortization at the first interest payment date if we use effective interest rate method?

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