A Company Reported Annual Interest Expense of $46,800

A company reported annual interest expense of $46,800. During the year, interest payable decreased from a $10,200 beginning balance to a $5,640 ending balance.
How much cash was paid for interest during the year?

A) $52,440
B) $51,360
C) $42,240
D) $57,000
E) None of the above