On January 1, 2018, an Investor Paid $291,000 for Bonds

On January 1, 2018, an investor paid $291,000 for bonds with a face amount of $300,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2018 (assume annual interest payments and amortization) ?

A) $23,280.
B) $29,100.
C) $24,000.
D) $30,000.