On December 15, 2019, Monica, a cash basis taxpayer, received a gift from her parents for her birthday and decided to use the cash to purchase a certificate of deposit. She pays $89,000 for a 24-month certificate of deposit on January 1, 2020. The certificate is priced to yield 4.5%, with interest compounded annually. No interest is paid until maturity, when Monica receives $97,190. What is Monicas gross income from the certificate of deposit in 2021?

Group of answer choices

$4,504

$4,185

$4,374

$4,005