On November 1,2017,Austin Services Issued $305,000 of Five-Year Bonds with a Stated

On November 1,2017,Austin Services issued $305,000 of five-year bonds with a stated rate of 12%.The bonds were issued at par,and Austin makes semiannual payments on April 30 and October 31.On December 31,2017,Austin made an adjusting entry to accrue interest at year-end.No further entries were made until April 30,2018,when the first payment was made.What amount of interest expense was recorded for the period of January 1 to April 30,2018?

A) $12,200
B) $36,600
C) $18,300
D) $29,280