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A corporation, with a December 31 year-end, purchased a $50,000, three-year, 8% bond on April 30, 2021, compounding annually and repayable at the end

A corporation, with a December 31 year-end, purchased a $50,000, three-year, 8% bond on April 30, 2021,

A corporation, with a December 31 year-end, purchased a $50,000, three-year, 8% bond on April 30, 2021, compounding annually and repayable at the end of three years. How much interest would be included in net income for the 2022 taxation year?

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