On January 1, 2011, The Hamilton Corporation issued $35,250 of 8%, 5-year bonds at 97. Hamilton uses the straight-line method of bond discount amortization. The interest payments are due on December 31 each year. Based on the above, how much interest expense will Hamilton report on its income statement on December 31, 2011? A) $212 B) $1,058 C) $2,820 D) $3,032