On January 1, 2006, an investor paid $291,000 for bonds with a face amount of 22, $300,000. The contract rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2006 (assume annual interest payments and amortization)? A) $30,000 B) $23,280. C) $29,100 D) $24,000