Under the effective interest ? method, the amount of bond discount amortized each interest period is equal to? the:
a. amount of interest expense less the cash paid for interest.
b. amount of interest expense plus the cash paid for interest.
c. face value of the bond times the stated interest rate.
d. face value of the bond times the market interest rate at the date of issue.

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?