On January 1, 2016. Shane purchased a 6%$400,000 corporate bond for S367,557 The bond was issued on January 1, 2016, and matures on January 1, 2021, Interest is paid semiannually, and the efective yeld to maturity is 8% compounded sem annualy On July 1, 2017, Shane sells the bond for $376,442. A schedule of interest amortization tor the bond tollows. (Click the KOn to view the interest amortization schedule) Read the requrements Requirement a. How much interest income must Shane recognize in 2016? Shane must recognize$ Requirement b. How much interest income must Shane recognize in 2017? Shane must recognize S Requirement c. How much gain must Shane recognize in 2017 on the sale of the bond? Shane must recognize a gain on the sale of the bond in 2017 of interest income in 2016. of interest income in 2017