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For the current year, CCP Inc. received the following interest income: $12,000 interest from Irvine City bonds: Bonds issued in 2012 and proceeds used to

For the current year, CCP Inc. received the following interest income:

$12,000 interest from Irvine City bonds: Bonds issued in 2012 and proceeds used to fund public schools.

$20,000 interest from Fluor Corporation bonds.

$8,000 interest from Mission Viejo City: Bonds issued in 2013 and proceeds used to lure new business to the area.

$6,000 interest from U.S. Treasury notes.

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