Delilah Company incurred costs of $8,000 when it issued, on January 1, 2020, $90,000, 5%, five-year debenture bonds. The bonds pay interest annually on December 31 and the company applies the effective interest method to amortize any bond discount or premium. The bonds were sold at a market rate of 7%. What amount of bond interest expense should Delilah report in its income statement for the year ended December 31, 2020? a. $7,044 b. $5,747 c. $5,223 d. $4,563