McCabe Corporation issued $580,000 of 7% 10-year bonds. The bonds are dated and sold on January 1, 2001. Interest payment danes are January 1 and July 1. The bonds are issued for $521724 to yield the market rate of 8% Using the effective-interest method, what is the amount of interest expense that McCabe Corporation will record on July 1, 20x1, the first semiannual interest payment date? All amounts rounded to the nearest dolar) OA $20,000 OB. $19.600 OC $39,200 OD $22,400