Culver Corp. invested in a three-year, $100 face value 6% bond, paying $85.59. At this price, the bond will yield a 12% return. Interest is payable annually. Assuming Culver Corp.applies ASPE and has chosen to use the straight-line method of amortization, determine the amount of discount that is amortized each year. (Round answer to 2 decimal places, eg. 52.75.) Straight-line discount amortization $ each year. Under the above assumption, prepare journal entries to record the initial investment receipt of interest, and recognition of interest income in each of the three years, and the maturity of the bond at the end of the third year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Round answers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Debit Credit Day 1 End of Year End of Year 2 End of Year 3 (To record interest collected) (To record maturity of bond investment) Compare the total interest income under the two methods over the three-year period. (Round answers to 2 decimal places, e.g. 52.75.) Effective interest method $ Straight line method $ Total interest income under the two methods are different are same