L Purchased Ten REX Corporation Bonds on March 5 for $11,120.The

L purchased ten REX Corporation bonds on March 5 for $11,120.The bonds have a $1,000 par value and pay interest at an annual rate of 10 percent semiannually on January 1 and July 1.On July 1, L received his first interest check of $1,000.Immediately after he received the interest payment, which of the following is true?

A) His basis in the bonds is $11,120.
B) His interest income is more than $1,000.
C) His interest income is less than $1,000.
D) His basis in the bonds is more than $11,120.