Observe the following pattern and select the next term:
(9 – 1) ÷ 8 = 1
(98 – 2) ÷ 8 = 12
(987 – 3) ÷ 8 = 123
(9876 – 4) ÷ 8 = 1234
___________ = ______
1
(98765 – 5) ÷ 8 = 123456
2
(9876 – 4) ÷ 8 = 12345
3
(98765 – 4) ÷ 8 = 12345
4
(98765 – 5) ÷ 8 = 12345