On January 1, 2025, Cheyenne Inc. issued $5018000, 9% bonds for $4798000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Cheyenne uses the effective-interest method of amortizing bond discount. At December 31, 2025, Cheyenne should report unamortized bond discount of
a) $172020.
b) $198000.
c) $191820.
d) $169820.
