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Blossom Company purchased $1400000 of 10% bonds of Scott Company on January 1, 2018, paying $1314375. The bonds mature January 1, 2028; interest is payable

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Blossom Company purchased $1400000 of 10% bonds of Scott Company on January 1, 2018, paying $1314375. The bonds mature January 1, 2028; interest is payable each July 1 and January 1 The discount 0 $87625 provides an effective yield of 11% loss hold these bonds to maturity. company uses the effective interest method and plans to For the year ended December 31, 2018, Blossom Company should report interest revenue from the Scott Company bonds of: $144582. $140000. $148763. $144708. dv Click if you would like to Show Work for this question: Open Show Work

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