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On January 1,2019, when the market rate for the bond interest was 14%, Lenoir Corporation...

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Accounting

On January 1,2019, when the market rate for the bond interest was 14%, Lenoir Corporation issued bonds in the face amount of $ 500,000 with interest payable at 12% semiannually. The bonds mature on December 31,2026, and were issued at a discount of $53,180. How much of the discount should be amortized by the effective interest method at July 1,2019?
options:
a)$ 3,191
b)$ 2,659
c)$ 1,277
d)$ 3,723

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