Help Save & Exit On January 1, 2021. J Company acquired all the outstanding ownership shares of Z Company. In assessing Z Co's acquisition date fair values. J Co. concluded that the carrying value of Z Co.'s long- term debt (8-year remaining life) was less than its fair value by $14,600. At December 31, 2021, Z Co. Company's accounts show interest expense of $13,630 and long-term debt of $290,000. What amounts of interest expense and long-term debt should appear on the December 31, 2021, consolidated financial statements of J Co. and its subsidiary Z Co.? a. b. Interest expense $15,455 $15,455 $11,805 $11,805 C. Long-term debt $304,600 $302,775 $304,600 $302,775 d