Question: On November 1 , 2 0 2 5 , Oriole Company purchased Skysong, Inc., 1 0 - year, 1 0 % , bonds with a

On November 1,2025, Oriole Company purchased Skysong, Inc., 10-year, 10%, bonds with a face value of $710000, for $630000. An additional $15000 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1,2030. Oriole uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Oriole's 2025 income statement as a result of Oriole's available-for-sale investment in Skysong was
$20500.
$23357.
$18953.
$22047.
On November 1 , 2 0 2 5 , Oriole Company

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