Current Attempt in Progress

On October $1,2023,$ Novak Corp. purchased $370,$$$1000,9\%$ bonds for $$381000.$ An additional $$11100$ was paid for the accrued

interest, which is paid semi$-$annually on December $1$ and June $1.$ The bonds mature on December $1,2027$ and will be held to maturity.

Novak uses the straight$-$line method of amortization and the amortized cost model for these bonds. Ignoring income taxes, the amount

to be reported in Novak's $2023$ income statement as a result of this investment is

$$8325.$

$$7665.$

$$8985.$

$$5550.$