19.

On January 1 of the current year, Barton Corporation issued 9%, 5-year bonds with a face value of $88,000. The bonds are sold for $83,600. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the current year ended December 31 is

a.$8,800

b.$440

c.$9,240

d.$3,960