estion 6 03 poin On July 1, 2016, Alba Co. purchased Babco, inc. 10-year, 9, bonds with a face value of $500.000 for $470.000 ca 10% effective interest rate) interest is payable semiannually on January any 1. The bands mature 1,2020. Alba uses the effective interest method of amortization. The amount reported in Alba's 2016 income statement as a result of its heid-for-collection investment in Sabwa A. $23,500. B. $21.150. C. $22,500. D. $20,000