7 On January 1, 2017, Ayayai Corp. acquires $330,000 of Spider Products, Inc. 8% bonds at a price of $305,807. The interest is payable each December 31, and the bonds mature on December 31, 2019. The investment will provide Ayayai Corp. with a 11% yield. Ayayai Corp. applies IFRS and accounts for this investment using the amortized cost model. (a) Prepare a three-year bond amortization schedule. (Round answers to 0 decimal places, e.g. 5,275.) Schedule of Interest Income and Bond Discount Amortization Effective Interest Method Interest Income Bond Discount Carrying Amount Amortization of Bonds Date Cash Received 01/01/17 12/31/17 $ 12/31/18 12/31/19 $