QUESTION 7 On October 1, 2021, Norman Company purchased to hold to maturity. 1,000, $1,000, 9% bonds for $1,040,000. An additional $20,000 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2025. Norman uses straight-line amortization. Ignoring income taxes, the amount reported in Norman's 2021 income statement from this investment should be O 520,100 O $22,500 O $24.900 $27,300