A corporation issued $600000 10% 5-year bonds onJanuary 1 2011 for 648666 which reflects an effective-interestrate of 8%. Interest is paid semiannually on January 1 and July 1.If the corporation uses the effective-interest method ofamortization of bond premium the amount of bond interest expenseto be recognized on July 1 2011 isA. $30000B. $24000C. $32434D. $25946