On January 1, Elias Corporation issued 10% bonds with a face value of $99,000. The bonds are sold for $97,020. 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 a. $1,980 b. $10,098 C. $9,900 d. $9,702