On July 1, 2019, Brownlee Corporation issues

$ 1 comma 700 comma 000$1,700,000

of

1010minusyear,

66%

bonds dated July 1, 2019 at

9292.

Brownlee uses the

straightminusline

method of amortization. Interest is paid each July 1 and January 1. Brownlee Corporation's fiscal year end is June 30. The interest expense recognized for the first semiannual interest payment on January 1, 2020 is:

A.

$ 51 comma 000$51,000.

B.

$ 57 comma 800$57,800.

C.

$44 comma 20044,200.

D.

$ 102 comma 000$102,000.