Question 3 Not yet answered Marked out of 2.50 Bay Company acquires 60, 8%, 5 year, $1,000 Community bonds on January 1, 2017 for $60,000. Assume Community pays interest on January 1 and July 1, and the July 1 entry was done correctly. The journal.entry at December 31, 2017 would include a credit to MMH - Remove flag Select one: o a. Interest Receivable for $2,400. b. Interest Expense for $4,800. O c. Interest Receivable for $4,800. O d. Interest Revenue for $4,800. De. Interest Revenue for $2,400