On January 1, 2020, Marin Company purchased $330,000, 8% bonds of Aguirre Co. for $304,517. The bonds were purchased to yield 10% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2025. Marin Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Marin Company sold the bonds for $306,162 after receiving interest to meet its liquidity needs. Interest Receivable Or Amortization-Effective-Interest Method Bonds Purchased to Yield Interest Date Cash Received Revenue 1/1/20 $ 7/1/20 1/1/21 7/1/21 1/1/22 7/1/22 1/1/23 Bond Discount Amortization Carrying Amount c Bonds 7/1/22 1/1/23 7/1/23 1/1/24 7/1/24 1/1/25 Total $ eTextbook and Media List of Accounts