Question: thumbs up upon completion. please answer in 20 min or less On January 1, 2019, Chin Corporation issued $2,900,000, 12%, 5-year bonds. The bond interest

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On January 1, 2019, Chin Corporation issued $2,900,000, 12%, 5-year bonds. The bond interest is payable on January 1 and July 1. The bonds sold for $3,119,600. The market rate of interest for these bonds was 10%. Under the effective - interest method, what is the interest expense for the six months ending July 1, 20192 O A. $187,176 OB. $155,980 C. $174,000 OD. $145,000

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