InterTech Corporation needed financing to build a new manufacturing plant. On June 30 of this year, InterTech issued $3,915,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. What amount in interest expense did InterTech record this year for the December 31 payment? Select one: a. $138,353 b. $156,600 C. $103,764 d. None of these are correct. e. $176,271