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Question 7 2 pts On 12/31/X2, Patterson Inc purchased $30,000 of bonds with a stated rate of 10% for $28,650. Interest is paid annually on 12/31; the effective interest rate is 11.87%. On 12/31/X3 the market value of the Bond is $27,350. Assume Patterson intends to hold the bonds until 12/31/X5, when they mature. What is reported on the balance sheet on 12/31/X3 for the investment in the bond, assuming the effective interest method? [Select] $28,650 $27,350 $29,051 $30,000 he bonds as an available-for-sale security, what is reported on the balance sheet on 12/31X3 for the investment in the bond: [ Select ] On 12/31/X2, Patterson Inc purchased $30,000 of bonds with a stated rate of 10% for $28,650. Interest is paid annually on 12/31; the effective interest rate is 11.87% On 12/31/X3 the market value of the Bond is $27,350. Assume Patterson intends to hold the bonds until 12/31/X5, when they mature. What is reported on the balance sheet on 12/31/X3 for the investment in the bond, assuming the effective interest method? [ Select ] Assume Patterson classifies the bonds as an available-for-sale security, what is reported on the balance sheet on 12/31X3 for the investment in the bond: [Select ] $30,000 $29,051 $28,650 $27,350