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 $31,200. At December 31, 2018, Zee Company's accounts show interest expense of $13,000 and long-term debt of $500,000. 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 $16,900 $531,200 $16,900 $527,300 $9,100 $531,200 $9, 100 $527,300 d. Multiple Choice Option D