Camacho Enterprises purchased a $100,000 bond on January 1, 2019. The bond matures on December 31, 2023, and pays interest annually (on December 31), at 6%. Camacho purchased the bond at a price to yield an 8% return and properly recorded the bond as a held-to-maturity security. Camacho uses the effective interest method to determine interest revenue. What was the carrying value of the investment at December 31, 2019? How much interest revenue was reported in 2021? Select one:

a. Investment Carrying Value Interest Revenue $94,846 $7,715

b. Investment Carrying Value Interest Revenue $100,000 $8,160

c. Investment Carrying Value Interest Revenue $92,015 $7,470

d. Investment Carrying Value Interest Revenue $93,376 $7,588

e. Investment Carrying Value Interest Revenue $108,425 $9,119