Jaye Jones works for the Bank of Montreal. The bank provides loans to its employees at an annual interest rate of 3%. On April 1 of the current year the bank provides Jaye with an employee loan in the amount of $36,000 at the annual interest rate of 3%. The loan requires annual principal repayments of $3,000 on April 1 of each year. Jaye makes the first annual repayment in the following year. Assume that Canada Revenue Agency's prescribed interest rates for the current year are as follows: Q1 (Jan. 1 to Mar. 31) = 5% Q2 (Apr. 1 to June 30) = 4% Q3 (July 1 to Sept. 30) = 5% Q4 (Oct. 1 to Dec. 31) = 4% Calculate the taxable benefit to be included in employment income for Jaye Jones in the current year. Round your answer to the nearest dollar. Choose the correct answer. O A. $1,620 O B. $1,176 O C. $2,160 OD. $362