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2 9 . Oriole Company purchased $ 1 5 2 5 0 0 0 of 1 0 % bonds of Pharoah Company on January 1

29.
Oriole Company purchased $1525000 of 10% bonds of Pharoah Company on January 1,2025, paying $1433881. The bonds mature on January 1,2031; interest is payable each July 1 and January 1. The discount of $91119 provides an effective yield of 11%. Oriole uses the effective-interest method and plans to hold these bonds to maturity. On July 1,2025, Oriole should increase its Debt Investments account for the Pharoah Company bonds by
$4560.
$9120.
$2613.
$5230.
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