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On January 1, 2020, Martinez Corp. acquires $309,000 of Spider Products Inc. 7% bonds at a price of $293,357. The interest is payable each December 31, and the bonds mature on December 31, 2022. The investment will provide Martinez Corp. with a 9% yield. Martinez Corp. applies IFRS and accounts for this investment using the amortized cost model. Prepare a three-year bond amortization schedule. (Round answers to 0 decimal places, e.g. 5,275.) Schedule of Interest Income and Bond Discount Amortization Effective Interest Method Cash Interest Bond Discount Carrying Amount Date Received Income Amortization of Bonds 01/01/20 $ 12/31/20 $ $ $ 12/31/21 12/31/22 Prepare the journal entry to record interest received and interest income on December 31,2021. (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 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Dec 31, 2021 Account Titles and Explanation Debit Credit % i 9 a % Q Prepare the journal entries to record interest received and interest income on December 31, 2022, and the maturity of the bond. (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 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Dec 31, 2022 (To record collection of interest) Dec 31, I ' % (To record maturity of bond investment} Prepare the entry for the disposal of the investment if Martinez had sold the bond on December 31, 2021 for $282,700 instead of holding it to maturity. Assume that 2021 interest received and interest income have already been recorded. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. lf no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit l l | %