Daniel Purchased a Bond on July 1, 2014, at Par

Daniel purchased a bond on July 1, 2014, at par of $10,000 plus accrued interest of $300. On December 31, 2014, Daniel collected the $600 interest for the year. On January 1, 2015, Daniel sold the bond for $10,200.

A) Daniel must recognize $300 interest income for 2014 and a $200 gain on the sale of the bond in 2015.
B) Daniel must recognize $600 interest income for 2014 and a $200 gain on the sale of the bond in 2015.
C) Daniel must recognize $600 interest income for 2014 and a $100 loss on the sale of the bond in 2015.
D) Daniel must recognize $300 interest income for 2014 and a $100 loss on the sale of the bond in 2015.
E) None of the above.