On January $1,2019,$ Waters Corp. bought $$25,000$ of Violet Co$.\text{'}$s $9\%$ ten$-$year bonds for $$25,300$ to yield $8\%.$ The

bonds pay interest annually and are classified as held$-$to$-$maturity.

Required:

Using the effective interest method, journalize the receipt of the interest and amortization at December $31,2020.$