35 2 points Save Answer Azhar Company purchased $200,000 of 10 % bonds of Ghadeer Company on January 1, 2016, paying a present value of $211,950. The bonds mature on January 1, 2026, interest is payable each July 1 and December 31 and the effective yield is 9%. Azhar's objective is to hold the bonds to collect the contractual cash flows. Azhar Company uses the effective interest method. How much the amounts that should be recorded in the following two situations, respectively? 1 On July 1, 2016, Azhar Company should decrease its Held-for-Collection Debt Investments account for the Ghadeer Company bonds by 2. For the year ended December 31, 2016, Azhar Company should report interest revenue from the Ghadeer Company bonds at......... OA OB (1) $924; (2) $19,076. (1) $462; (2) $19,037.) Oc (1) $808; (2) $20,000. OD (1) $462; (2) $19,076