Required information A company issued 5% bonds, dated January 1, with a face amount of $340,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 6%. Interest is paid semiannually on June 30 and December 31 The company uses the straight line interest method. The bonds issued for a price of $328,067 Use the information above to answer the questions below. By how much should the bond premium or discount be reduced for the six months ended June 30, 2021 (Enter amount as a positive value) Reduction of Premium or Discount for six months ended June 30, 2021