100,000 Questions 14 and 15 are based on the following information: Sharon Company purchased $100,000 of 10% bonds of Livingston Co. on January 1, 2020, paying $94,025. The bonds mature January 1. 2030: interest is payable each July 1 and January 1. The discount of $5.975 provides an effective yield of 11%. Sharon Company uses the effective interest method and plans to hold these bonds to maturity. 14. On July 1, 2020, Sharon Company should increase its Debt Investments account for the Livingston Co. bonds by: A. $171. B. $299. C. $342. D. $598 15. For the year ended December 31, 2020, Sharon Company should report interest revenue from the Livingston Co, bonds at: A. $10,000. B. $10,342. C. $10,352 D. $10,598