On January 1,2014,Marco Hospital Issued a $250,000,10 Percent,5-Year Bond for $231,601.Interest

On January 1,2014,Marco Hospital issued a $250,000,10 percent,5-year bond for $231,601.Interest is payable on June 30 and December 31.Marco uses the effective-interest method to amortize all premiums and discounts.Assuming an effective interest rate of 12 percent,approximately how much discount will be amortized on December 31,2014?

A) $2,230
B) $1,480
C) $1,396
D) $987