On January 1 of the current year, the Barton Corporation issued 8% bonds with a face value of $100,000. The bonds are sold for $97,000. 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 Oa. $667 Ob. $8,600 Oc. $8,000 Od. $3,000 Balance sheet and income statement data indicate the following: $1,317,145 Bonds payable, 5% (due in 15 years) Income before income tax for year 344,353 Income tax for year 103,306 Interest payable 33,000 Interest receivable 19,000 Interest expense 79,029 Based on the data presented above, what is the times interest earned ratio? (Round to two decimal places.) Oa. 3.05 Ob. 5.36 Oc. 4.36 Od. 2.05