Corporation issued of$10\%,-$year bonds payable on January$1,,$ for $.$ The market interest rate when the bonds were issued was$12\%.$ Interest is paid$$ semi$-$annually on January $1$ and July $1.$ The first interest payment is July$1,.$ Using the$$ effective$-$interest amortization$$ method, how much interest expense will record on July$1,?$

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Part $1$

A$.$$ $5$ comma $000$

B$.$$ $5$ comma $228$

C$.$$ $6$ comma $772$

D$.$$ $6$ comma $000$

E$.$$ $5$ comma $585$