Astro Mile & Co owns vast amounts of corporate bonds. Suppose Astro Mile buys 5700,000 of CoteCorp bonds at face value on January 2 2018 The CotoCorp bonds pay intore at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2032 Astro Mile intends to hold the investment anti maturity Read the requirements The CoteCorp bond investment will be classified as a long-term asset as of December 31, 2018 Requirements. Journalize on Arto Mile's books. Receipt of final interest payment on December 31, 2032. (Record debit first, thon credit, Select the explanation on the last line of the journal entry table.) Accounts and Explanation Credit 2032 Cash Interest Revenue Date Debit Dec 31 Received cash interest