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 tlfe) was less than its fair value by $12,200. At December 31, 2021. Zee Company's accounts show interest expense of $13,000 and long-term debt of $260,000. 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. Interest expense Long-term debt $14,525 $ 272,200 $14,525 $270,675 $11,475 $ 272,200 $11,475 $270,675 d. Multiple Choice Option A Option C Option D Option B