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Plesase show work (: On January 1, Bonita Industries issued $6900000, 9% bonds for $7348500. The...

Plesase show work (:

On January 1, Bonita Industries issued $6900000, 9% bonds for $7348500. The market rate of interest for these bonds is 8%. Interest is payable annually on December 31. Bonita uses the effective-interest method of amortizing bond premium. At the end of the first year, Bonita should report unamortized bond premium of:

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