On January 1, 2022, Kangaroo Corporation acquires $100,000 of Bambi Corporation's 10-year, 6-percent bonds for $98,000. Kangaroo Corporation classifies the investment as a long term investment. The bonds pay interest on January 1 and July 1. The effective interest rate is 6.272%. The entry to record receipt of the first semi-annual interest payment is O Cash Interest Income 3,000 3,000 O Cash 3,073 Interest Receivable 3,073 O Cash 3,073 Interest Income 3,073 O Cash 3,000 Long-term investment 73 3.073 Interest Income 2