uestion 9 1 points Save Answer On January 1, 2020, TT Corporation invested in Inci Inc.'s two-year, 10% notes, with interest receivable quarterly. TT entered into a two-year interest rate swap agreement on January 1, 2020 and designated the swap as a fair value hedge. The agreement called TT to make payment based on a 10% fixed interest rate on a notional amount of $200,000 and to receive interest based on a floating interest rate. The contract called for cash settlement of the net interest amount quarterly. Floating (LIBOR) settlement rates were 10% at January 1, 8% at March 31, and 64 June 30, 2020. The fair values of the investment in notes and swap agreement are as follows: January 1 March 31 June 30 Fair value of interest rate swap $6,200 $12,000 Fair value of the investment in notes $200,000 $206,200 $212,000 0 What will TT record on June 302 O a $5,800 as debit to Swap account Ob $5,800 as credit to Swap account O c. $12,000 as credit to Swap account O d. $12,000 as debit to Swap account O e. No entry to Swap account 83F A 628 PM 9/24/20 O