On November 1,2018,Arch Services Issued $313,000 of Eight-Year Bonds with a Stated

On November 1,2018,Arch Services issued $313,000 of eight-year bonds with a stated rate of 12% at par.Interest payments occur each April 30 and October 31.On December 31,2018,Arch made an adjusting entry to accrue interest at year-end.What is the amount of Interest Expense that will be recorded on December 31,2018? (Do not round any intermediate calculations,and round your final answer to the nearest dollar.)

A) $37,560
B) $6260
C) $18,780
D) $783