Question: Question 27 (3 points) Use the following information for items 24, 25 and 26. ASU Company issues $10,000,000, 7.8%, 20-year bonds to yield 8%

Question 27 (3 points) Use the following information for items 24, 25 and 26. ASU Company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. The proceeds from the bonds are $9,802,072. Interest is paid on July 1 and January 1. What is the amount of the bond amortization at July 1 under the effective-interest method? $9,896.40 $4,948.20 $2,083 None of the above.

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