On January 1, 2010, Saldano, Inc. issued $50,000 of ten-year 8% bonds for $43,800. Interest was payable semiannually. The effective yield was 10%. The effective interest method of discount amortization was used. What amount of interest expense should be recorded for the six-month period ending December 31, 2010?
Select one:
a. $2,205.50
b. $2,199.50
c. $2,209.00
d. $2,180.50