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On October 1,2021 , Cullumber Company purchased to hold to maturity, 390,$1000,9% bonds for $410000. An additional $15,000 was paid for accrued interest. Interest is

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On October 1,2021 , Cullumber Company purchased to hold to maturity, 390,$1000,9% bonds for $410000. An additional $15,000 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1,2025. Cullumber uses straight-line amortization. Ignoring income taxes, the amount reported in Cullumber's 2021 income statement from this investment should be $8775. $11175. $9975. $7575

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