Taxpayer A purchased a newly issued $20,000 corporate bond for $19,500 on November 1, 2020. The bond matures on October 31, 2025 and has an annual interest rate is 5% which is paid on October 31 of each year. What is the total interest income taxpayer A must report on their 2020 and 2021 tax returns if they want to minimize the interest recognized for tax purposes?

	$0 in 2020 and $1,000 in 2021
	$167 in 2020 and $833 in 2021
	$0 in 2020 and $975 in 2021
	$167 in 2020 and $1,000 in 2021