When a company makes a sale to a customer who uses a credit card such as Visa or MasterCard, the company:

	a.	sends a check to the credit card company for the amount of the service fee.
	b.	is responsible for collecting cash from the customer.
	c.	recognizes revenue for the full amount of the sale.
	d.	debits a contra-revenue for the amount of the credit card fee.

Fomento Company received proceeds of $534,500 on 10-year, 6% bonds issued on January 1, 2016. The bonds had a total face value of $500,000 and pay interest semi-annually on June 30 and December 31st. What is the amount of cash interest Fomento must pay the bondholders in 2016?

	a.	$16,035
	b.	$32,070
	c.	$30,000
	d.	$15,000