On January 1, 2X13, Soothing Massage Company acquired, as a long-term investment, 20 bonds with a face value of $1,000 each. The bonds have a 10-year life, a 10% coupon rate, and pay interest semi-annually every June 30 and December 31. What is the journal entry to be made by Soothing Massage Company on January 1, 2X13, if the bonds were purchased at a price to yield 12%?

A) Investment in Bonds 9,543.40

Cash 9,543.40

B) Investment in Bonds 11,037.28

Cash 11,037.28

C) Investment in Bonds 17,705.90

Cash 17,705.90

D) Investment in Bonds 20,000.00

Cash 20,000.00

E) Investment in Bonds 22,492.64

Cash 22,492.64

Note: Please show the math to the answer.