plz help

On the Blossom Inc. is looking at adopting IFRS as its accounting standards framework. Currently it is using the straight-line method to amortize the discount/premium on its zero-interest note receivable portfolio. The Controller is concerned that the change to IRFS and the requirement to use the effective interest method will result in lower investment income. As the company's Revenue Analyst, you have been asked to review a 5-year zero-interest note with a face value of $560000, and a present value of $399272. The straight-line based interest income for the year is $32146. What would be the difference in interest income if the effective interest rate method is adopted? \$32146 higher $4197 higher $4197 lower \$27949 lower