On January 1, Jewel Company buys $177,000 of Marcelo Corp. 8%, 36-month notes. Interest is paid on the last day of each month. The notes are classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the notes have a fair value of $180,800. The amount that Jewel Company should report in the investment section of its year-end December 31 balance sheet for its investment in Marcelo Corp. is:
A. $184,600.
B. $180,800.
C. $194,960.
D. $191,160.
E. $177,000.
Answer: B
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