on may 1, bolt corp. issued 11% bonds in the face amount of $1,000,000 that mature in ten years. the bonds were issued to yield 10%, resulting in bond premium of $62,000. bolt uses the effective interest method of amortizing bond premium. interest is payable semiannually on november 1 and may 1. in its october 31 balance sheet, what amount should bolt report as unamortized bond premium?