Taylor Insurance Company invests $240,000 to acquire $240,000 face value, 2%, five-year corporate bonds on December 31, 2024. The bonds pay interest semiannually on June 30 and December 31 every year until maturity. Assume Taylor Insurance Company uses a calendar year. Based on the information provided, which of the following is the journal entry for the transaction on December 31, 2025?

		A debit to Interest Revenue for $4,800; and a credit to Cash for $4,800.
		A debit to Interest Revenue for $2,400; and a credit to Cash for $2,400.
		A debit to Cash for $4,800; and a credit to Interest Revenue for $4,800.
		A debit to Cash for $2,400; and a credit to Interest Revenue for $2,400.