A corporation issues $94,000, 8%, 5-year bonds on January 1, for $98,230. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond premium, determine the amount of bond interest expense to be recognized on July 1.



Select the correct answer.



$3,760

$4,183 (wrong)

$3,337

$7,520