Crane Company purchased $900000 of 11% bonds of Scott Company on January 1.2021, paying \$834375, The bonda mature Laruary 1. 2031; interest is payable each July 1 and January 1 . The discount of $65625 provides an effective yield of 12%. Crane Corpary ines the effective-interest method and plans to hold these bonds to maturity. On July 1. 2021. Crane Company should increase its Debt Invetments account for the Scott Company bonds ty $563. $6563. $1125. $3281. Attempts: 0 of 1 used