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During 2 0 2 3 , Culver Inc. purchased 2 2 0 0 , $ 1 0 0 0 , 7 % bonds. The bonds

During 2023, Culver Inc. purchased 2200, $1000,7% bonds. The bonds mature on March 1,2028 and pay interest on March 1 and September 1. The carrying value of the bonds at December 31,2023 was $1967500. on September 1,2024, after the semi-annual interest was received, Brandon sold half of these bonds for $1007000. Culver uses straight-line amortization and has accounted for the bonds under the amortized cost model.The gain on the sale is
$23250
$41850
$0
$4650

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