On January 1, 2020, Indigo Company purchased 12% bonds having a maturity value of $230,000, for $247,437.40. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Indigo Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g. 2,525.25.) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method Cash Date Received 1/1/20 27600 1/1/21 27600 1/1/22 27600 1/1/23 27600 1/1/24 27600 1/1/25 27600 Interest Revenue 24743.74 Premium Carrying Amo Amortized of Bonds $