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Crane Company purchased $ 2 0 5 0 0 0 0 of 1 0 % bonds of Scott Company on January 1 , 2 0

Crane Company purchased $2050000 of 10% bonds of Scott Company on January 1,2021, paying \$1927509. The bonds mature January 1,2031; interest is payable each July 1 and January 1. The discount of \$122491 provides an effectiveyield of 11%. Crane Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31,2021, Crane Company should report interest revenue from the Scott Company bonds of: $ 217249. $ 212219. $ 205000. $212026.

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