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3 At December 31, 2010, El Greco Company has an investment in 1,000 of the 1,000 8% bonds of Dublin Company with a carrying value

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3 At December 31, 2010, El Greco Company has an investment in 1,000 of the 1,000 8% bonds of Dublin Company with a carrying value of 1,060,500. The bonds, which mature on January 1, 2015, pay interest semiannually on July 1 and January 1. After collecting the interest on January 1, 2011, El Greco sells the bonds for 1,110,000. El Greco will recognize a. an unrealized loss of 60,500. b. again on the sale of debt investments for 49,500. c. premium on bonds payable of 60,500. d. a loss on the sale of debt investments of 110,000

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