Exercise 17-05 On January 1, 2020, Culumber Company acquires $110,000 of Spiderman Products, Inc., 9% bonds at a price of $99,611, Interest is received on January 1 of each year, and the bonds mature on January 1, 2023. The investment will provide Cullumber Company a 13% yield. The bonds are dassified as held-to-maturity. Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method. (Round answers to decimal places, e.g. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Straight-line Method Cash Received Bond Purchased to Yield Interest Bond Discount Revenue Amortization Carrying Amount of Bonds Date 1/1/20 1/1/21 1/1/22 1/1/23 dy SHOT OR NEOUNTS Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective-interest method. (Round answers to o decimal places, e.g. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Effective Interest Method Bond Purchased to Yield Cash Interest Bond Discount Carrying Amount Received Revenue Amortization of Bonds 1/1/20 1/1/21 Date $ 1/1/22 1/1/23 SHOW LIST OF ACCOUNTS (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 (Round answers to o decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit No, Account Titles and Explanation