On January 1, 2011 Fintale Ltd Issued a $100,000, 6

On January 1, 2011 Fintale Ltd issued a $100,000, 6%, 5-year bond for $91,889 to yield 8%.The interest expense and interest payable for the first year are closest to:
$$\begin{array} { | l | l | l | } \hline & \begin{array} { l } \text { Interest } \\\text { expense }\end{array} & \begin{array} { l } \text { Interest } \\\text { payable }\end{array} \\\hline \text { a. } & \mathbf { \$3 , 6 7 5 } & \mathbf { \$ 3 , 0 0 0 } \\\hline \text { b. } & \mathbf { \$3 , 6 7 5 } & \mathbf { \$ 4, 0 0 0 } \\\hline \text { c. } & \mathbf { \$7 , 3 5 1 } & \mathbf { \$ 6 , 0 0 0 } \\\hline \text { d. } & \mathbf { \$7 , 3 5 1 } & \mathbf { \$ 8, 0 0 0 } \\\hline\end{array}$$