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Jack Frost advises you that he received the following: T5 slip (current year) Bank of Montreal = $300 T5 slip (current) Canada Savings Bonds =

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Jack Frost advises you that he received the following: T5 slip (current year) Bank of Montreal = $300 T5 slip (current) Canada Savings Bonds = $400 Strip bond, purchased on March 1 of the current year, which matures in 20 years. The accrued interest earned to December 31 of the current year earned from March 1 of the current year, to March 1 of the following year = $1,850. $1,200; the accrued annual interest What would be the correct total interest income reported by Jack Frost in this tax year? $300 $400 $1,900 $700 $2,550

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