On January 1, 2018, Jay Company acquired all the outstanding ownership shares of Zee Company. In assessing Zee's acquisition-date fair values, Jay concluded that the carrying value of Zee's long-term debt (8-year remaining life) was less than its fair value by $28,800. At December 31, 2018, Zee Company's accounts show interest expense of $13,630 and long-term debt of $470,000. What amounts of interest expense and long-term debt should appear on the December 31, 2018, consolidated financial statements of Jay and its subsidiary Zee? a. b. Interest expense Long-term debt $17, 230 $ 498,800 $17,230 $495,200 $10,030 $ 498,800 $10,030 $495,200 c. d