On January 1, 2020, Sarasota Corp. acquires $321,000 of Spider Products Inc. 9% bonds at a price of $305,311. The interest is payable each December 31, and the bonds mature on December 31, 2022. The investment will provide Sarasota Corp. with a 11% yield. Sarasota Corp. applies IFRS and accounts for this investment using the amortized cost model. Prepare a three-year bond amortization schedule. (Round answers to O decimal places, e.g. 5,275.) Schedule of Interest Income and Bond Discount Amortization Effective Interest Method Interest Bond Discount Income Amortization Date Cash Received Carrying Amount of Bonds 01/01/20 12/31/20 12/31/21 12/31/22 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record interest received and interest income on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Dec 31, 2021 Cash Bond Investment at Amort Interest Income Prepare the journal entries to record interest received and interest income on December 31, 2022, and the maturity of the bond. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Dec 31, 2022 Cash Bond Investment at Amort Interest Income (To record collection of interest) Dec 31, 2022 Cash Bond Investment at Amort (To record maturity of bond investment) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the entry for the disposal of the investment if Sarasota had sold the bond on December 31, 2021 for $283,100 instead of holding it to maturity. Assume that 2021 interest received and interest income have already been recorded. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Round answers to o decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit Cash Loss on Disposal of Investi Bond Investment at Amort