Mcintarfer Corporation issued $150,000 of 6%, 10-year bonds payable on January 1, 2022. The market interest rate when the bonds were issued was 8%. Interest is paid semiannually on January 1 and July 1. The first interest payment is July 1, 2022. Using the effective-interest amortization method, how much interest expense will Mcintarfer record on July 1, 2022? Use Excel to calculate the issue price. (Round intermediary calculations to the nearest whole dollar.) A. $685 B. $3,888 C. $4,500 D. $6,000 O E. $5,185