Wayne Company issued bonds with a face value of $600,000, a 6% stated rate of interest, and a 10-year term for $615,000 cash. The bonds were issued on January 1, 2016, and Wayne uses the straight-line method of amortization. Interest is paid annually on December 31. The amount of interest expense appearing on the 2016 income statement would be: Select one: A. $15,000. B. $36,000. C. $37, 500. D. $34, 500