John purchased State of Oklahoma general-purpose bonds at a cost of $3,400 in 2012. He receives $210 interest on the bonds in 2012, 2013, and 2014. In 2014, he sells the bonds for $3,800. How much income does John recognize in each of the following years? 2012 2013 2014
A) -0- -0- -0-
B) -0- -0- 400
C) 210 210 210
D) 210 210 570
Correct Answer:
Verified
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