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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 1,2023, Cheyenne Corp. purchased 430, $1000,9% bonds for $440000. An additional $12900 was paid for the
accrued interest, which is paid semi-annually on December 1 and June 1. The bonds mature on December 1,2027 and will be held to
maturity. Cheyenne uses the straight-line method of amortization and the amortized cost model for these bonds. Ignoring income
taxes, the amount to be reported in Cheyenne's 2023 income statement as a result of this investment is
$9675.
$9075.
$10275.
$6450.
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