E17.5 (LO 1) Excel (Effective-Interest versus Straight-Line Bond Amortization) On January 1, 2020, Phantom Company acquires $200,000 of Spiderman Products, Inc., 9% bonds at a price of $185,589. Interest is received on January 1 of each year, and the bonds mature on January 1, 2023. The investment will provide Phantom Company a 125 yield. The bonds are classified as held-lo-maturity. Instructions a. Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight- line method. b. Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective- interest method. c. Prepare the journal entry for the interest revenue and discount amortization under the straight- line method at December 31, 2021. d. Prepare the journal entry for the interest revenue and discount amortization under the effective interest method at December 31, 2021