1 pts On January 1, Year 1, Gibbs Co. acquired bonds issued by Walden Co. They have a face amount of $100,000, pay 10% interest, and were purchased to yield 9%. The maturity date is December 31, Year 10, and interest is due every December 31. If Gibbs paid $106,380, it should report approximate interest income on the bonds, calculated using the effective-interest method, at December 31, Year 1, of $9,574 $9,000 $9,362 $10,000 1nte