On October 1, 2017, Menke Company purchased to hold to maturity, 400, $1,000, 9% bonds for $416,000. An additional $12,000 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2021. Menke uses straight-line amortization. Ignoring income taxes, the amount reported in Menke's 2017 income statement from this investment should be a. $9,000. b. $8, 040. c. $9, 960. d. $10, 920