Rikki Company received proceeds of $184,000 on 10-year, 9% bonds issued on January 1, 2017. The bonds had a face value of $200,000, pay interest annually on December 31, and have a call price of 101. Rikki uses the straight-line method of amortization. What is the amount of interest Rikki must pay the bondholders as interest in 2017?

Select one:

a. $19,600

b. $19,200

c. all answers are wrong

d. $18,000