On January 1 of the current year, the Queen Corporation issued 7% bonds with a face value of $82,000. The bonds are sold for $79,540. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31.

Select the correct answer.

$5,740

$2,460

$478

$6,232