Question 13 Not yet answered Marked out of 200 THIS MULTIPLE CHOICE QUESTION (MCQ) 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 (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 (i.e., per annum) Effective rate (i.e, Vield): 6% per year (i.. per annum) Life: 2 years Interest Semi-Annual on 30 June and 31 December The present Value (PV) Foctor and Annuity Factor for a range of interest rates for N=4 are as follows: Flag question . . 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 0.747 3.47 6% (note: the relevant exact values from the above table must be utilized in your calculation MCO Suppose the Debt Investment was classified as Held for Trading on 1 July 2020. The Fair Value of the Debt Investment on 1 July 2020 is $2,300,000. What is the required entry in the Fair value Adjustment Account on 01 July 2020? (round to two decimal places in all calculations) Select one: a. None of these answers b. DEBIT $221,300.50 C. DEBIT $298,584.07 d. DEBIT $246,425.72 e. No entry required