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4. White Co. received cash from the following transactions issued on January 1 Year 1 - Iransaction 1: White received $1,500,000 from a 5-year, zero-interest-bearing promissory note in the face amount of $2,596,122. - Transaction 2: White issued a 4\% 8-year promissory note having a maturity value of $400,000 with annual interest payments on December 31 of each year. The effective interest rate (market rate at date of issue) of the notes is 8%. PV factor for lump sum in 8 years at 8%:0.540 PV factor for lump sum in 8 years at 4%:0.731 PV factor for an annuity in 8 years at 8%:5.747 PV factor for an annuity in 8 years at 4%:6.733 What amount of discount should White report on the balance sheet at the end of Year 1 related to Transaction 2 (rounded t the nearest $1,000) ? $9,000 $92,000 76,000 $83,000