Smile Company's net income in 2020 was $220,000 and its Earnings Before Interest and Tax in 2020 was $300,000. Smile Co. paid $55,000 in taxes in 2020. What is the amount of interest tax shield enjoyed by Smile Company in 2020? (rounded to the nearest $)

X A: $25,000

X B: $5,000

X C: $4,583

X D: $20,000

X E: Not enough information to calculate the amount of interest tax shield

Please show the correct option with proper explanation and STEP-BY-STEP working.