Given the following information from an amortization table, compute the effective interest expense and the carrying value for the next line of the…

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Given the following information from an amortization table, compute the effective interest expense and the carrying value for the next line of the table:

2% Cash Interest : $800 

1% Effective Interest: $419 

Premium Amortization: $381 

Carrying Value: $41,561

A) Effective Interest $423; Carrying Value $41,942

B) Effective Interest $416; Carrying Value $41,177

C) Effective Interest $408; Carrying Value $40,397

D) Effective Interest $412; Carrying Value $40,789

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