On January 1, a $804,000, 10%, 5-year bond was issued for $779,880. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize the...

On January 1, a $804,000, 10%, 5-year bond was issued for $779,880. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize the discount on bonds payable, the semiannual amortization amount is