On January 1 of the current year, Barton Corporation issued 7% bonds with a face value of $107,000. The bonds are sold for $101,650. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is a. $9,095 b. $3,745 c. $8,560 d. $535