On December 31, Hurley Corporation issues $500,000, 5-year, 12% bonds at 96 with interest payable on December 31, 2019. The entry on December 31, 2020, to record payment of bond interest and the amortization of bond discount using the straight-line method will include a:

(a) debit to Interest Expense $30,000.

(b) debit to Interest Expense $60,000.

(c) credit to Discount on Bonds Payable $4,000.

(d) credit to Discount on Bonds Payable $2,000.