On January 1, 2020, Cheyenne Company acquires $280,000 of Spiderman Products, Inc., 8% bonds at a price of $253,099. Interest is received on January 1 of each year, and the bonds mature on January 1, 2023. The investment will provide Cheyenne Company a 12% yield. The bonds are classified as held-to-maturity.

(b)

Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective-interest method. (Round answers to 0 decimal places, e.g. 2,500.)

Schedule of Interest Revenue and Bond Discount Amortization Effective-Interest Method Bond Purchased to Yield
Date		Cash Received		Interest Revenue		Bond Discount Amortization		Carrying Amount of Bonds
1/1/20		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
1/1/21		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
1/1/22		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
1/1/23		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount

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(c) and (d)