Franklin Company issues $$83,000,8\%,5-$year bonds on January $1,$ for $$86,740.$ Interest is paid semiannually on January $1$ and July $1.$ If Franklin uses the straight$-$line method of amortization of bond premium, the amount of bond interest expense to be recognized on July $1$ is

a$.$ $$2,946$

b$.$ $$3,320$

c$.$ $$6,640$

d$.$ $$3,694$

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