Use this information for Pierce C to answer the following qu chased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2.400. On June 30, Pierce received its first On May 1, Pierce Company pur semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest What are the total proceeds from the February 1 sale? O b. $51,500 . $50,000 O d. $52,400 742 PM 101201 at e