Price Inc. is a TSX-listed firm. On January 1, 2020, it purchased $20 million of 10-year, 7% bonds. Interest is payable annually on December 31. On January 1, 2020, the market interest rate for similar bonds was 8%. The company paid $18,657,984 for the bonds. Price Inc. has a December 31 year-end. Calculate the amount of discount amortized in the first year. (Note: Find the nearest amount.) Select one: A. $93,941 cross out B. $134,202 cross out C. $92,639 cross out cross out D. $1,400,000