On January 1, 2020, Blue Company acquires $220,000 of Spiderman Products, Inc., 10% bonds at a price of $214,624. Interest is received on January 1 of each year, and the bonds mature on January 1, 2023. The investment will provide Blue Company a 11% yield. The bonds are classified as held-to-maturity. Your answer is partially correct. Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method. (Round answers to decimal places, eg. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Straight-line Method Bond Purchased to Yield Interest Bond Discount Revenue Amortization Cash Received Carrying Amount of Bonds $ 214624 22000 23609 1609 216233 22000 23786 1786 218018 22000 2398223 1982 220000 eTextbook and Media List of Accounts - Your answer is partially correct. Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective-interest method. (Round answers to 0 decimal places, eg. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Effective-Interest Method Bond Purchased to Yield Interest Bond Discount Revenue Amortization Car Cash Received Date 1/1/20 $ $ 1/1/21 22000 23792 1792 1/1/22 22000 23792 1792 1/1/23 22000 23792 1792 e Textbook and Media List of Accounts - Your answer is partially correct. (c) (d) Prepare the journal entry for the interest revenue and discount amortization under the straight-line method at December 31, 2021. Prepare the journal entry for the interest revenue and discount amortization under the effective interest method at December 31, 2021. (Round answers to decimal places, eg. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit c (c) Interest Receivable 22000 Bonds Payable Interest Revenue 23609 (d) d Interest Receivable 22000 1609 Bonds Payable 1792 Interest Revenue 23792 e Textbook and Media