Question: Please provide the accurate answer to this Financial accounting problem using valid techniques. On April 1, 2023, Pacific Corp. purchased $80,000 of ten-year 5% bonds

Please provide the accurate answer to this Financial accounting problem using valid techniques.

On April 1, 2023, Pacific Corp. purchased $80,000 of ten-year 5% bonds of Orion Inc. for $74,600, to be held to maturity. Interest is payable semi- annually on March 31 and September 30. The effective yield on the investment is 6%. What amount of interest income should Pacific record for the six-month period ended September 30, 2023

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