On January 1, Year 1, Gibson Corporation purchased bonds issued by Williamson Company. These bonds were classified as held-to-maturity securities. The face value of these bonds is $400,000, pay 6% interest and were purchased to yield 4%. The bonds mature in 10 years and pay interest on an annual basis. If Gibson Corporation paid $464,887 for these bonds, how much interest revenue should it report on the bonds at December 31, Year 1? Assume that Gibson used the effective interest method. O A. $24,000 OB. $27,893 O C. $18,595 OD. $16,000