Franklin Corporation issues $100,000, 10%, 5-year bonds on January 1 for $104,500. 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 Oa. $4.000 Ob. $8.000 Oc. 54.550 Od. 54.450