explain the Interest income

Question LO On January 1, 2020, Hounder Corp. acques $317,000 of Spider Products Inc bonds at arkeof 300,052. The interest is payable cach December 31, and the boods matule on December 31, 2022. The investment will provide Founder Corp. With a yield. Founder Corp.apples IFRS and accounts for this investment using the amortized cost model Your answer is correct Prepare a three-year bond Amortisation schedule (Round answers to decimaces c. 5.) Schedule of Interest Income and Bond Discint Amortation Lifective interest Method Cash Tiere Bond Discount Date Received Recome Amortization 01/01/20 Carrying Amount of Bonds 300,95 400 12/31/20 305640 27096 22190 53:36 111184 12/31/21 22190 27520 337000 5810 12/31/22 22190 25000