InterTech Corporation needed financing to build a new manufacturing plant. On June 30 of this year, InterTech issued $3,480,000 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 for the June 30, payment in the next year? Select one: a. $123,723 b. $104,400 C. $139,200 0 d. None of these are correct. e. $122,237