On October 1, 2024 Sandhill Corporation issued 6%, 10-year bonds with a face value of $5930000 at 104. Interest is paid on October 1 and April 1, with any premium or discount amortized on a straight-line basis. The entry to record the issuance of the bonds will include a credit of

a) $177900 to Interest Payable. b) $5692800 to Bonds Payable. c) $237200 to Premium on Bonds Payable. d) $237200 to Discount on Bonds Payable.