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On October 1 , 2 0 2 3 , Flint Corp. purchased 2 9 0 , $ 1 0 0 0 , 9 % bonds

On October 1,2023, Flint Corp. purchased 290, $1000,9% bonds for $301000. An
additional $8700 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. Flint uses the straight-line method of amortization and the amortized
cost model for these bonds. Ignoring income taxes, the amount to be reported in
Flint's 2023 income statement as a result of this investment is
$7185.
$5865.
$4350.
$6525.
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