On July $1,2009$ a semi$-$annual $$800,0005$ year bond with contractual $($or dupon$)$ rate of $10\%$ had a Net book value of $$680,000.$ The bond had been issued at a discount rate of $14\%$ and matures on July $1,2014.$ The interest expense recorded on June $30.2010($rounded$)$

$-$$$48,132$

$-$ $$54,484$

$-$$$674\mathrm{.}000$

$-$ $$48,000$

$-$$$80,000$