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Franklin Corporation issues $81,000, 10%, 5-year bonds on January 1 for $84,600. Interest is paid semiannually on January 1 and July 1. If Franklin uses

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Franklin Corporation issues $81,000, 10%, 5-year bonds on January 1 for $84,600. 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. $3,600 Ob. $3,690 Oc. $6,480 Od. $3,240

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