A $500,000 5 year semi-annual bond issuance with an 8% stated rate sells at 98.278 on January 1, 20X1 when the market rate was 10%. Using the effective interest method of calculating the amortization of the discount, the carrying value of the bond after the June 30 payment was $464,460. What would the discount amortization be for the Dec 31 payment (round to the nearest dollar)?


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