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On 1/1/2018, Green Co. issued a four-year, $25,000, 7% bond. The interest is payable annually each December 31. The issue price was $24,170 based on

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On 1/1/2018, Green Co. issued a four-year, $25,000, 7% bond. The interest is payable annually each December 31. The issue price was $24,170 based on an 8% effective interest rate. Green uses the effective-interest amortization method. What is the amount of the discount that Green Co. should amortize on 12/31/2018

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