Question 50 Not yet answered On July 1, 2018, John Maxtor acquires an investment contract with a face value of $100,000. It matures on June 30, 2021, with interest accruing at 5 percent per annum. The interest will be paid at maturity. With respect to the minimum amount of interest, that John must recognize for tax purposes, which of the following statements is correct? Marked out of 1.50 Flag question O a. John will have to recognize nil in 2018 and nil in 2019. O b. John will have to recognize $1,250 in 2018 and $2,500 in 2019. O c. John will have to recognize nil in 2018 and $5,000 in 2019. Od John will have to recognize $7,500 in 2021