Please help me to better understand how to solve this. the answer shown is correct. thank you.

Ch12: Comte Industries issues $3,000,000 worth of three-year bonds dated 1 January 2015 . The bonds pay interest of 5.5% annually on 31 December. The market interest rate on bonds of comparable risk and term is 5%. The sales proceeds of the bonds are $3,040,849. Under the straight-line method, the interest expense in the first year is closest to: $150,000$151,384$152,042