On January $1,2025,$ Marin Company purchased $12\%$ bonds having a maturity value of $$230,000$ for $$247,437\mathrm{.}40.$ The bonds provide the bondholders with a $10\%$ yield. They are dated January $1,2025,$ and mature January $1,2030,$ with interest received on January $1$ of each year. Marin Company uses the effective$-$interest method to allocate unamortized discount or premium. The bonds are classified as available$-$for$-$sale category.

Effective$-$Interest Method

$12\%$ Bonds Sold to Yield $10\%$

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