Snow, Inc. borrowed $300,000 from lowa Bank on June 1 and gave it a security interest in the factory machinery it purchased with the money. The factory machinery is equipment and was immediately set up on the factory floor of Snow, Inc. for use in its business. Snow, Inc. filed for bankruptcy on June 6 and listed lowa Bank as a creditor. Iowa Bank perfected its security interest in the factory machinery on June 24. Which of the following is true? O A. The trustee in bankruptcy can invalidate lowa Bank's security interest because it was unperfected when the bankruptcy petition was filed causing lowa Bank to become an unsecured creditor. O B. On June 24, lowa Bank became a holder in due course. OC. Immediately following June 24, lowa Bank had the status of a secured creditor. O D. Both B and C are correct