On January $2,2019,$ a calendar$-$year corporation sold $8\%$ bonds with a face value of $600,000.$ These bonds mature in five years, and interest is paid semiannually on June $30$ and December $31.$ The bonds were sold for $553,600$ to yield $10\%.$ Using the effective$-$interest method of computing interest, how much should be charged to interest expense in $2019?($Show your work for the answer C$)$

a$.48,000.$

b$.55,360.$

c$.55,544.$

d$.60,000.$