53. On January 1, 2009 the Company issued $400,000 of 5 year, 5% bonds at a discount. The company issues these bonds for $382,938, since the market rate was 6%. Interest is paid semi-annually every June 30th and December 31st. How much interest expense covered by the Company on June 30, 2009? c. $12,000 b. $11,488 d. $9,573 a. $10,000