Exercise 4-20 (Algorithmic) (LO. 2) On January 1,2023 , Kunto, a cash basis taxpayer, pays $109,098 for a 24 -month certificate of deposit. The certificate is priced to yield 4% (the effective interest rate) with interest compounded annually. No interest is paid until maturity, when Kunto receives $118,000. Round all calculations to the nearest dollar. a. Compute Kunto's gross income from the certificate for 2023. x b. Compute Kunto's gross income from the certificate for 2024. x Feedback 7 Check My Work The difference between the cost of the certificate and the amount due at maturity is referred to as original issue discount (OID)