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On January 1, 2020, Kingbird Company purchased $490,000, 10% bonds of Aguirre Co. for $453,933. The bonds were purchased to yield 12% interest. Interest is

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On January 1, 2020, Kingbird Company purchased $490,000, 10% bonds of Aguirre Co. for $453,933. The bonds were purchased to yield 12% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2025. Kingbird Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Kingbird Company sold the bonds for $455,456 after receiving interest to meet its liquidity needs. Prepare the amortization schedule for the bonds. (Round answers to 0 decimal places, e.g. 1,250.) Schedule of Interest Revenue and Bond Discount Amortization-Effective-Interest Method Bonds Purchased to Yield Bond Interest Discount Revenue Amortization Interest Receivable Or Cash Received Carrying Amount of Bonds Date 1/1/20 $ 7/1/20 1/1/21 7/1/21 1/1/22 7/1/22 1/1/23 7/1/23 1/1/24 7/1/24 1/1/25 Total $

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