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Question 17 4 pts Tree Inc. purchased $3,200,000 of 8%, 5-year bonds from Grass Corp. on January 1, 2020, with interest payable on June 30

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Question 17 4 pts Tree Inc. purchased $3,200,000 of 8%, 5-year bonds from Grass Corp. on January 1, 2020, with interest payable on June 30 and December 31. The bonds sold for $3,472,966 at an effective rate of 6%. Using the effective interest method, Tree decreased the Available for Sale Debt Securities account for the Grass bonds on June 30, 2020, and December 31, 2020 for premium amortization of $23,811 and $24,525, respectively. At December 31, 2020, the fair value of the Grass bonds was $3,575,000. What should Tree report as Other Comprehensive Income? $0 $125,845 $150,371 $102,034

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