On September 1,2020 , Pine Company borrows cash by issuing a one-year noninterest-bearing note payable to National Bank in the amount of $61,480. The market rate of the note is 6%. The company amortizes any discount on the note using the straightline method. On December 31, 2020, Pine Company's annual report date, what amount should Pine Company report as the Discount on Note Payable? Select one: a. $1,230 b. $2,030 c. $2,320 d. $1,480