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On October 1 , 2 0 2 3 , Cheyenne Corp. purchased 4 3 0 , $ 1 0 0 0 , 9 % bonds
On October Cheyenne Corp. purchased $ bonds for $ An additional $ was paid for the
accrued interest, which is paid semiannually on December and June The bonds mature on December and will be held to
maturity. Cheyenne uses the straightline method of amortization and the amortized cost model for these bonds. Ignoring income
taxes, the amount to be reported in Cheyenne's income statement as a result of this investment is
$
$
$
$
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