Solderman Company issued $500,000, 6%, 10year bonds for $432,800 with a market rate of 8%. 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 Interest Expense of $4,624.

B.credit to Interest Expense of $30,000.

C.credit to Cash of $34,624.

D.credit to Discount on Bonds Payable of $4,624.