Coldwater Inc. issues $$575,000$ of $4\%,$ eight$-$year bonds for cash proceeds of $$502,774.$ The market interest rate is $6\%.$ Interest is paid semi$-$annually.

To the nearest dollar, how much bond interest expense is recorded on the first interest date?

Question $6$ Select one:

A$.$

$$11,500$

B$.$

$$3,583$

C$.$

$$17,250$

D$.$

$$15,083$