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On January 1, 2023, Athens Company purchased $100,000 of Naples Company bonds at face value. The bonds pay a stated rate of interest of 7%
On January 1, 2023, Athens Company purchased $100,000 of Naples Company bonds at face value. The bonds pay a stated rate of interest of 7% per year, and interest is paid once per year, on December 31st. The bonds mature on December 31, 2030 and Athens classified these bonds as held to maturity securities. At December 31, 2023, the market value of the bonds was $104,000. Athens Company still owns the investment at the end of the year. If Athens Company had elected to classify the bond investment as trading securities, how much total investment income would they report on their year ended December 31, 2023 income statement?
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