Solderman Company issued $490,000, 4%, 10year bonds for $422,800 with a market rate of 6%. The effectiveinterest method of amortization is to be used and interest is paid annually. The journal entry on the first interest payment date would include a:

A.credit to Discount on Bonds Payable of $5,768.

B.credit to Cash of $25,368.

C.credit to Interest Expense of $5,768.

D.credit to Interest Expense of $19,600.