Day Company sells $400,000 of 55?%, 10?-year bonds for $388,000 on April? 1, 20142014. The market rate of interest on that day is 5.5%. Interest is paid each year on April 1. Day Company uses the? straight-line amortization method. The amount of interest expense for each year will be
A. $10,600.
B. $20,000.
C. $21,200.
D. $23,200.
E. none of these.