On July 1, 2017, James Company purchased Timothy Company's six-year 9% bonds with a face value of $200,000 for $196,000, which included $6,000 of accrued interest. The bonds, which mature on March 1, 2023, are to be held-to-maturity and pay interest semiannually on March 1 and September 1. James uses the straight-line method of amortization. The amount of income James should report for the
calendar year 2017 as a result of this investment would be
A) $8,823.52.
B) $9,882.36.
C) $9,529.40.
D) $8,117.64.
B
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