NBC Corporation issued $630,000, 12%, 5-year bonds on January 1, 2017 for $678,647 when the market interest rate was 10%. Interest is paid semiannually on January 1 and July 1 . The corporation uses the effective-interest method to amortize bond premium. The total amount of bond interest expense recognized on July 1, 2017 is O A. $31,500. O B. $33,932. O C. $40,719. O D. $37,800 0