On January 1,2014,Partridge Company Issued $50,000 of 6-Year Bonds with a Stated

On January 1,2014,Partridge Company issued $50,000 of 6-year bonds with a stated rate of 3%.The market rate at time of issue was 4%,so the bonds were discounted and sold for $47,331.Partridge uses the effective-interest rate of amortization for bond discount.Semiannual interest payments are made on June 30 and December 31 of each year.How much interest expense will be recorded when the first interest payment is made? (Please round to the nearest whole dollar.)

A) $167
B) $947
C) $750
D) $2,000