General Investment Co. (GIC) purchased bonds on January 1, 2021 GIC's accountant has projected the following amortization schedule from purchase until maturity: Interest Amortization of Amortized Date Cash Received Revenue Discount Cost 1/1/2021 $224,255 6/30/2021 $11,500 $12,334 834 225,089 12/31/2021 11,500 12,380 880 225,969 6/30/2022 11,500 12,428 928 226,897 12/31/2022 11,500 12,479 979 227,876 6/30/2023 11,500 12,533 228,909 11,500 12/31/2023 12,591 230,000 1,091 1,033 GIC purchased the bonds for: Multiple Choice O $230,000. $224,255. O $299,000. cannot be determined from the given information