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On January 3, 2020, Sunland Company acquires $440000 of Adam Company's 10-year 10% bonds at a price of $472090 to yield 9%. Interest is payable

On January 3, 2020, Sunland Company acquires $440000 of Adam Company's 10-year 10% bonds at a price of $472090 to yield 9%. Interest is payable each December 31. The bonds are classified as held-to-maturity Assuming that Sunland Company uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2021 related to these bonds? $42352 O $47209 $44000 $42488

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