1. A company holds a $100,000 face value corporate bond, bought January 1, 2019, paying 3% annually on December 31, and maturing December 31, 2021. The company paid $102,884 for the bond, to yield 2%. The company categorizes the bond as a held-to-maturity investment, and its accounting year ends December 31. Round answers to the nearest dollar. What is the approximate net entry to record receipt of interest and principal on December 31, 2021, assuming no impairment on the bond throughout its life?

   A.

   Cash

   103,000

   	Interest revenue		2,020
   	Investment in bond		100,980

   B.

   Cash

   103,000

   	Interest revenue		3,000
   	Investment in bond		100,000

   C.

   Cash

   102,000

   	Interest revenue		2,000
   	Investment in bond		100,000

   D.

   Cash

   103,000

   	Interest revenue		116
   	Investment in bond		102,884