On 1 Jan 20X9, a company issues a corporate bond of 100,000 which pays an annual interest of 3%. Direct costs relating to the bond issue totalled 2,000. The terms of the bond include a premium payable on redemption. The bond is measured at amortised cost and has an effective interest rate of 8%. What finance cost will be charged to the statement of profit or loss for the year ending 31 Dec 20X9?

8,000

7,840

3,000

8,160