44. On January 1, 2019, Tonika Company issued a four-year, $11,600, 7% bond. The interest is payable annually each December 31. The issue price was $10,768 based on an 8% effective (market) interest rate. Tonika uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2019 interest expense? Multiple Choice Interest expense812 Cash 812 Interest expense861 Bond discount 49 Cash 812 Interest expense753 Bond discount59 Cash 812 Interest expense983 Bond discount 171 Cash 812