On January 1, 2021, 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 $15,000. At December 31, 2021, Zee Company's accounts show interest expense of $13,800 and long-term debt of $300,000 What amounts of interest expense and long-term debt should appear on the December 31, 2021, consolidated financial statements of Jay and its subsidiary Zee? a. b. Interest expense $15,675 $15,675 $11,925 $11,925 Long-term debt $315,000 $313,125 $315,000 $313,125 C. d. Multiple Choice Option A O Option B Option C Option D