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Aragon Corporation issues CHF4,000,000, 6%, 5-year bonds on January 1, 2017, for CHF4,050,000. Interest is paid annually on January 1. If Aragon uses the straight-line

Aragon Corporation issues CHF4,000,000, 6%, 5-year bonds on January 1, 2017, for CHF4,050,000. Interest is paid annually on January 1. If Aragon uses the straight-line method to amortize bond discount and premium, the amount of bond interest to be accrued at December 31, 2017 is

a. CHF240,000

b. CHF0

c. CHF248,000

d. CHF230,000

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