On January 1, 2020, Marigold Corp. acquires $303,000 of Spider Products Inc. 7% bonds at a price of $287,660. The interest is payable each December 31, and the bonds mature on December 31, 2022. The investment will provide Marigold Corp. with a 9% yield. Marigold Corp. applies IFRS and accounts for this investment using the amortized cost model.

(a)

Prepare a three-year bond amortization schedule. (Round answers to 0 decimal places, e.g. 5,275.)

Schedule of Interest Income and Bond Discount Amortization Effective Interest Method
Date		Cash Received		Interest Income		Bond Discount Amortization		Carrying Amount of Bonds
01/01/20								$enter a dollar amount rounded to 0 decimal places
12/31/20		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places
12/31/21		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places
12/31/22		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places		enter a dollar amount rounded to 0 decimal places