E16-8 On March 31, 20X3. Remke Corporation paid 92 1/4 for 7% bonds of Dean Witter Financial Services as a long-term held-to-maturity investment. The maturity value of the bonds will be $30,000 on September 30, 20X7. The bonds pay interest on March 31 and September 30. At December 31, the bonds' market value is 93. Required 1. What method should Remke Corporation use to account for its investment in the Dean Witter bonds? 2. Using the straight-line method of amortizing the discount, journalize all of Remke Corporation's transactions on the bonds for 20X3. 3. Show how Remke would report the bond investment on its balance sheet at December 31, 20X3.