Cubs Corporation issues $500,000, 12%, 5-year bonds on January 1, 2019 for $459,000. Interest is paid annually on January 1. If Cubs Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2019 would be: O A. $68,200. O B. $51,800. | O C. $60,000 O D. $41,000