Question 10 Not yet answered Marked out of 1.00 Flag question THIS MULTIPLE CHOICE QUESTION (MCQ) IS BASED ON THE STRAWBERRY COMPANY SCENARIO BELOW: STRAWBERRY Compony purchased the bonds of another company on 1 January 2019. The following information about the Debt Investment (ie, the purchased bonds) is available. Face Value (i.e., Nominal Value) $2,000,000; Stated rate (ie, Coupon or Nominal rate): 8% per year (ie. per annum) Effective rato (1.o., Yield): 6% per yoar (io, per annum) Life: 2 years Interest: Semi-Annual on 30 June and 31 December The present value (PV) Factor and Annuity Factor for a range of interest rates for N=4 are as follows: Rate PV Factor Annuity Factor (Table 6-2) (Table 6-4) 0.889 3.72 3% 4% 0.855 3.63 5% 0.823 3.55 6% 3.47 0.747 (note: the relevant exact values from the above table must be utilized in your calculation MCQ What entry should STRAWBERRY Company record in the Interest Revenue Account on 31 December 2019? (round to two decimal places in all calculations) Select one: a. None of these answers b. Credit $77,422.40 c. Credit $58,843.00 d. Debit $ 67,106.00 e. Credit $61,796.04