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B Inc. purchased a $20,000 bond on its issue date, October 1, 2023. The bond pays interest at maturity, September 30, 2026, at a rate

B Inc. purchased a $20,000 bond on its issue date, October 1, 2023. The bond pays interest at maturity, September 30, 2026, at a rate of 4% compounded annually. B Inc. has a December 31 year end. What amount of interest must be included in income for 2023

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