Douglas Company issued five-year bonds on January 1. The 12% bonds have a face value of $35,000,000 and pay interest every January 1 and July 1. The bonds sold for $37,702,483 based on the market interest rate of 10%. Douglas Company uses the effective interest rate method to amortize bond discounts and premiums. On July 1 of the same year, Douglas Company should journalize interest expense (rounded to the nearest dollar) of O a. $2,262,149. O b. $2,100,000. O c. $1,885,124. O d. $4,200,000