On November 1, 2018, Ivanhoe Company purchased Lopez, Inc., 10-year, 9%, bonds with a face value of $820000, for $740000. An additional $24600 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1, 2025. Ivanhoe uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Ivanhoe's 2018 income statement as a result of Ivanhoe's available-for-sale investment in Lopez was

Given Answer:

$14300

$12300

$10915

$13685