On January 1, current year, Kaleidoscope Paint issued $500,000, 10-year, 9% bonds for $480,745. The bonds pay interest on June 30 and December 31. The market rate is 10%. The company plans to use the effective interest method of amortizing bond discounts and premiums. The cash payment on June 30, current year, is O a. $45,000. O b. $22,500. O c. $50,000. O d. $25,000