On January 1, the Elias Corporation issued 10% bonds with a face value of $105,000. The bonds are sold for $102,900. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten 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. $2,100 Ob. $10,710 Oc. $10,290 Od. $10,500