Given the following information from an amortization table, compute the effective interest expense and the carrying value for the next line of the table:

2% Cash Interest:$800

1% Effective Interest:$419

Premium Amortization:$381

Carrying Value:$41,561

A) Effective Interest $423; Carrying Value $41,942

B) Effective Interest $416; Carrying Value $41,177

C) Effective Interest $408; Carrying Value $40,397

D) Effective Interest $412; Carrying Value $40,789