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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

image text in transcribed 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. $6450. $10275

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