The Following Partial Amortization Schedule Is Available for Courtney Company

The following partial amortization schedule is available for Courtney Company who sold $500,000, five-year, 10% bonds on January 1, 2014 for $520,000 and uses annual straight-line amortization. $$\begin{array}{l}\text { BOND AMORTIZATION SCHEDULE }\\\begin{array} { | l | c | c | c | c | c | } \hline \text { Interest Periads } & \begin{array} { c } \text { Interest } \\\text { to be paid }\end{array} & \begin{array} { c } \text { Interest } \\\text { expense }\end{array} & \begin{array} { c } \text { Premium } \\\text { Amartization }\end{array} & \begin{array} { c } \text { Unamartized } \\\text { Premium }\end{array} & \begin{array} { c } \text { Band Carning } \\\text { Value }\end{array} \\\hline \text { danuary 1, 2014 } & & & & \$ 20,000 & \$ 520,000 \\\hline \text { danuary 1, 2015 } & \text { (i) } & \text { (ii) } & \text { (iii) } & ( \mathrm { iv } ) & ( \mathrm { v } ) \\\hline\end{array}\end{array}$$ Which of the following amounts should be shown in cell (iv) ?

A) $22,000
B) $18,000
C) $24,000
D) $16,000