In June 2016, Goslyn Corporation issued a three-year non- interest-bearing note with a face value of $15,000 and received cash of $11,025.00 in exchange. The difference between the face value and the cash proceeds is accounted for as a discount and amortized over three years by the straight-line method a premium and amortized over three years by the effective interest method O a discount and amortized over three years by the effective interest method O interest expense in the current year