Greybell Corporation issued ten thousand $1,000 bonds on January 1, 2016. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds.

Payment	Cash	Effective Interest	Decrease in Balance	Outstanding Balance
				11,487,747
1	400,000	344,632	55,368	11,432,379
2	400,000	342,971	57,029	11,375,350
3	400,000	341,261	58,739	11,316,611
4	400,000

What would be the total interest expense recognized for the bond issue over its full term?

A.

$0.

B.

$6,932.

C.

$7,241.

D.

$7,629.