On January 1, 2017, Always Corporation Issues $2,600,000, 5-Year, 11

Multiple Choice

On January 1, 2017, Always Corporation issues $2,600,000, 5-year, 11% bonds for $2,540,000. Interest is paid semiannually on January 1 and July 1. Always Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31. The amount of discount amortized on July 1, 2017 is:

A) $3000.
B) $6000.
C) $12,000.
D) $60,000.