Question 12 Not yet answered Marked out of 100 F Flag question THIS MULTIPLE CHOICE QUESTION (MCO) IS BASED ON THE STRAWBERRY COMPANY SCENARIO BELOW: STRAWBERRY Company purchased the bonds of another company on 1 January 2019. The following information about the Debt investment (i.e, the purchased bonds) is available: Face Value (.e., Nominal Value) - $2,000,000; stated rate (ie, Coupon or Nominal rote): 8% per year (ie, per annum) Effective rate (l.e., Yield): 6% per year (le, 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% 0.747 3.47 (note: the relevant exact values from the above table must be utilized in your calculation MCQ Assuming all cash flows from the Debt Investment are received on schedule, what entry should STRAWBERRY COMPANY make wth respect to this investment in the CASH account on 1 July 2019? (round to two decimal places in all calculations) Select one a DEBIT $97,980.39 b. No Entry Required c. None of these answers d DEBIT $80,000 e. DEBIT $70,323.00