On November 1, 2006, Davis Company sold (issued) 300, $1,000, ten-year, 7% bonds at 96. The bonds were dated November 1, 2006, and interest is payable each November 1 and May 1. The amount of discount amortization at each semi-annual interest date would be (assume straight-line amortization):

Choose one answer.

	a. $1,019.
	b. $12,000.
	c. $1,200.
	d. $600.
	e. None of the above is correct.

Answer is 600 . HOW?