18) On January 1, 2020, ABC Company acquires $400,000 of XYZ Company's 10-year, 8% bonds at a price of $440,000 to yield 7%. Interest is payable each December 31. The bonds are classified as...

18) On January 1, 2020, ABC Company acquires $400,000 of XYZ Company's 10-year, 8% bonds at a price of $440,000 to yield 7%. Interest is payable each December 31. The bonds are classified as held-to-maturity. Assuming that ABC Company uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2020 related to these bonds?

19)

During 2021 ABC Company purchased 10,000 shares of XYZ, Inc. for $20 per share. During the year ABC Company sold 3,000 shares of XYZ, Inc. for $26 per share. At December 31, 2021 the market price of XYZ, Inc.'s stock was $23 per share. What is the total amount of gain/(loss) that ABC Company will report in its income statement for the year ended December 31, 2021 related to its investment in XYZ, Inc. stock?