7. Carsen Company purchased $200,000 of 10% bonds of Garrison Co. on January 1, 2012, paying $211,950. The bonds mature January 1, 2022; interest is payable each July 1 and January 1. The discount of $11,950 provides an effective yield of 9%. Carsen's objective is to hold the bonds to collect the contractual cash flows. Carsen Company uses the effective interest method. For the year ended December 31, 2012, Carsen Company should report interest revenue from the Garrison Co, bonds at: (2 points) 520.000 $19.037 519.055 $19.076