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Franklin corporation issues $93,000, 8%, 5-year bonds on January 1, for $97,190. Interest is paid semiannually on January 1 and July 1. If Franklin

Franklin corporation issues $93,000, 8%, 5-year bonds on January 1, for $97,190. 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. $3,720 Ob. $3,301 Oc. $4,139 Od. $7,440

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