Question 22 On January 1, Day Co. paid $108,250 for $100,000 face amount, five-year, 8% bonds, a price that Not yet yields 6%. Interest is payable every July 1 and January 1. Total Interest Revenue to be recorded answered over the life of the bond is: Points out of 3.00 Select one: Flag question O a. $11,750 O b. $28,250 O c. $48,250 O d. $16,250 O e. $31,750 Question 23