On January 1 , Elias Corporation issued 10% bonds with a face value of $97,000. The bonds are sold for $94,090. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31,10 years from now. Elias records straight-line amortization of the bond discount. The bont interest expent for the year ended December 31 of the first year is a. $9,991 b. $9,700 c. $808 d. $2,910