On January 1, 2017, Sweet Company acquires $180,000 of Spiderman Products, Inc., 9% bonds at a price of $171,202. Interest is received on January 1 of each year, and the bonds mature on January 1, 2020. The investment will provide Sweet Company a 11% 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, 2014 and the discount amortization under the straight-line method.

Prepare the journal entry for the interest receipt of December 31, 2014, and the discount amortization under the effective-interest method.