On December 1, 2022 Big Inc. purchased

12%

bonds of Small Inc. at their

$30

million face value, as an investment to be held until they mature in 2027 . Semiannual interest is payable May 31 and November 30. On December 31, 2022 (the company's fiscal yearend) the bonds have a fair value of

$30.9

million. What amount of income would Big,

$300,000

On December 1, 2022 Big Inc. purchased 12\% bonds of Small Inc. at their $30 million face value, as an investment to be held until they mature in 2027. Semiannual interest is payable May 31 and November 30. On December 31, 2022 (the company's fiscal yearend) the bonds have a fair value of $30.9 million. What amount of income would Big , $300,000