On January 1, 2014 Falcon Electro acquires $400,000 of 8% bonds at a price of $442,376. The interest is payable each December 31, and the bonds mature December 31, 2034. The investment will provide Falcon Electro a 7% yield. The bonds are classified as held-to-maturity. Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method. Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective-interest method. Prepare the journal entry for the interest receipt of December 31, 2015, and the discount amortization under the straight-line method. Prepare the journal entry for the interest receipt of December 31, 2015, and the discount amortization under the effective-interest method