On January 1,2022 , Pipestone Corporation issued a four-year, $41,100,7% bond. The interest is payable annually each December 31 . The issue price was $39,739 based on an 8% effective interest rate. Pipestone uses the effective-interest amortization method. Rounding calculations to the nearest whole dollar, which of the following journal entries correctly records the 2022 interest expense? Multiple Choice \begin{tabular}{|ccr|} \hline Account Title & Debit & Credit \\ \hline Interest expense & 3,179 & \\ Bond discount & & 302 \\ Cash & & 2,877 \end{tabular} \begin{tabular}{crr} \hline Account Title & Debit & Credit \\ \hline Interest expense & 3,629 & \\ Bond discount & & 752 \\ Cash & & 2,877 \end{tabular} \begin{tabular}{|ccc|} \hline Account Title & Debit & Credit \\ \hline Interest expense & 2,877 & \\ Cash & & 2,877 \end{tabular} \begin{tabular}{lrr} \hline Account Title & Debit & Credit \\ \hline Interest expense & 2,782 & \\ Bond discount & 95 & \\ Cash & & 2,877 \end{tabular}