A firm issued $$100,000$ of $10-$year, $12$ percent bonds payable on January $1$ for $$112,462,$ yielding an effective rate of $10$ percent. Interest is payable on January $1$ and July $1$ each year. The firm records amortization on each interest date.

Bond interest expense for the first six months, using effective interest amortization, is:

Select one:

a$.$ $$6,748$

b$.$ $$5,263$

c$.$ $$5,000$

d$.$ $$6,000$