Muheet Corporation issues $550,000, 10%, 5-year bonds on January 1, 2019 for $560,000. Interest is paid annually on January 1. If Muheet Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2019 would be: Select one: a. $57,000. b. $53,000. c. $67,200. d. $55,000. ali shtaya