On January 1, 2020, Elston Corporation issued $3,000,000 of 10-year 5% bonds for $2,776,838. The market rate is 6%. Interest is payable semi-annually on June 30 and December 31. Elston uses the effective interest method to amortize any premium or discount.

a. What is interest expense at June 30, 2020?	["$69,421", "$138,842", "$75,000", "$83,305", "$90,000"]
b. What amount of premium or discount is amortized at June 30, 2020?	["$5,579", "$0", "$8,305", "$63,482", "$15,000"]
c. What is interest expense at December 31, 2020?	["$90,249", "$81,055", "$83,056", "$80,806", "$83,554"]