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estion 29 yet swered Presented below is a bond-investment amortization schedule for New York Company with related fair values provided. These bonds are classified as

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estion 29 yet swered Presented below is a bond-investment amortization schedule for New York Company with related fair values provided. These bonds are classified as available-for-sale; they were purchased on 1/1/20. nts out of 0 12/31/20 12/31/21 12/31/22 Flag estion Amortized cost $550,000 $519,442 $491,150 Fair Value $539,000 $509,000 $485,300 Were these bonds purchased at a premium or discount, and was the value of the FVA account a debit or credit on 12/31/22? Select one: a. Premium, debit b. Premium, credit c. Discount, debit d. Discount, credit

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