The Anide Corp., which keeps its books on the accrual basis, had the following transactions for its calendar year ending December 31,2004 : - April 15, 2004 - Authorized the issuance of $3,000,000 of 5.5%,20 year bonds, datec May 1, 2004. Interest to be paid November 1 and May 1. - June 1, 2004 - Sold the entire issue at $2,964,150 plus accrued interest. - November 1, 2004 - Paid the interest due. The interest expense for the calendar year ending December 31, 2004 is A. $85,000 B. $165,000 C. $110,000 D. $97,300