Mojo Corporation acquires all the voting stock of Ninja Company. Ninja has $1,000,000 in bonds payable, issued at par value, on its books. The bonds have a 5-year remaining life at the date of acquisition, and 4% interest is paid annually. The fair value of the bonds at the date of acquisition is $1,020,000. The premium is straight-line amortized. Support Which statement is true concerning the consolidation of Mojo with Ninja two years after the acquisition? Select one: o A. Eliminating entry (R) increases bonds payable by $20,000 o B. Eliminating entry (0) decreases interest expense by $4,000 O C. Consolidated interest expense on the bonds is $44,000 X o D. If market interest rates are 4% at the date of consolidation, no entry (0) is needed