Question 18 (1 point) ABC Corp has invested in a $935 face-value, 6.06% bond and paid $957 for the bond. At this price, the bond will yield a 4.32% return. Interest is payable annually. Assume that ABC uses the effective interest method required by IFRS. What is the interest income at the end of year 2? $37.63 $38.65 $39.66 $40.68 $41.70 Question 19 (1 point) ABC Corporation owns machinery that cost $23,920 when purchased on January 1, 20x0. Straight-line depreciation has been recorded at a rate of $3,530 per year, resulting in a balance in accumulated depreciation of $7,060 at December 31, 20X1. The machinery is sold on September 1, 2022, for $15,410. What is the gain or loss recorded on the disposal of the machinery? $858 $881 $903 $926 $949