Presented here is a partial amortization schedule for Graceland Company who sold $100,000, five year 10% bonds on January 1, 2016 for $108,000 and uses annual straight-line amortization.

BOND AMORTIZATION SCHEDULE

Interest Period	Interest Paid	Interest Expense	Premium Amortization	Unamortized Premium	Bond Carrying Value
January 1, 2016				$8,000	$108,000
January 1, 2017	(i)	(ii)	(iii)	(iv)	(v)

Which of the following amounts should be shown in cell (i)

$2,000

$10,800

$11,600

$10,000