8. On January 1, 2017, Santos Corporation issued a $250,000, 10%(stated interest rate per year), 5-year bond for $231,601. Cash interest is payable on June 30 and December 31. Santos uses the effective-interest method to amortize all premiums and discounts. Assuming an effective interest rate of 12% per annum, approximately how much discount will be amortized on December 31, 2017?:

a. $2,230.

b. $1,480

c. $1,396

d. $ 987