When bonds are sold at a discount and the effective interest method is used, at each interest payment date, the interest expense:

Multiple Choice

Increases.

Is equal to the change in book value.

Remains the same.

Decreases.

Net income $ $210,000$

Dividends declared and paid $ $63,000$

Market price of common stock on $12/31/2024$ $ $32$ per share

What amount would Matsui report in its year$-$end $2024$ balance sheet for its investment in Yankee?

Multiple Choice

$$2,289,000$

$$2,163,000$

$$2,063,040$

None of these answer choices are correct.