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Touma Products purchased a 5-year, $50,000 bond at face value on July 1, 2017. The bond's stated interest rate is 5%, paid annually on June 30. Touma has the intent and the ability to hold the bond for the full five years. As a result of changes in the overall economy, the bond had a fair value of $51,000 on July 1, 2018, and $52,000 on July 1, 2019. What is the carrying value of the debt security on July 1, 2018, and 2019, respectively?Select one:a. $51,000; $52,000b. $50,000; $52,500c. $50,000; $55,000d. $52,500; $55,000e. $50,000; $50,000
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