4. On January 1, 2020 Abbie Corporation issued $500,000 of 6-year, 9% bonds with interest paid semi-annually on July 1 and January 1. The bonds sold for $548,315 when the market rate of Interest was 7%. On the first interest payment date, using the effective-interest method of amortization, the amount recorded for Bond Interest Expense will be: a. $19,191. b. $24,674 c. $17,500 d. $22,500