$23-$ Lopez Plastics Company $($LPC$)$ issued callable bonds on January $1,2024.$ LPC$\text{'}$s accountant has projected the following amortization schedule from issuance until maturity:

Date

Cash interest

Effective interest

Decrease in balance

Outstanding balance

$1/1/2024$

$$

$$

$$

$ $207,020$

$6/30/2024$

$ $7,000$

$ $6,211$

$ $789$

$206,230$

$12/31/2024$

$7,000$

$6,187$

$813$

$205,417$

$6/30/2025$

$7,000$

$6,163$

$837$

$204,580$

$12/31/2025$

$7,000$

$6,137$

$863$

$203,717$

$6/30/2026$

$7,000$

$6,112$

$888$

$202,829$

$12/31/2026$

$7,000$

$6,085$

$915$

$201,913$

$6/30/2027$

$7,000$

$6,057$

$943$

$200,971$

$12/31/2027$

$7,000$

$6,029$

$971$

$200,000$

$$

LPC issued the bonds:

$$

A$.$ At par.

$$

B$.$ At a premium.

$$

C$.$ At a discount.

$$

D$.$ Cannot be determined from the given information.