Grayson Company purchased $400,000 bonds at 101. Accrued interest for three months was $10,000, and brokerage fees

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Grayson Company purchased $400,000 bonds at 101. Accrued interest for three months was $10,000, and brokerage fees were $6,000. The cost of this long-term investment in bonds is Question 32Select one: a. $420,000 b. $414,000 c. $400,000 d. $406,000 e. $410,000