On January 1, Elias Corporation issued 10% bonds with a face value of $78,000. The bonds are sold for $75,660. 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 bond interest expense for the year ended December 31 of the first year is Oa. $8.034 Ob. 37.800 Oc. 3650 Od. 52.340