On January 1, 2020, Shamrock Company purchased $280,000, 6% bonds of Aguirre Co. for $257,289. The bonds were purchased to yield 8% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2025. Shamrock Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Shamrock Company sold the bonds for $258,816 after receiving interest to meet its liquidity needs. Prepare the journal entry to record the purchase of bonds on January 1. Assume that the bonds are classified as available-for-sale. (Credit account titles are automatically indented when 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.) Date Jan. 1, 2020 Account Titles and Explanation Debt Investments Cash eTextbook and Media List of Accounts Debit 257289 Prepare the amortization schedule for the bonds. (Round answers to O decimal places, e.g. 1,250.) Schedule of Interest Revenue and Bond Discount Amortization-Effective-Interest Method Bonds Purchased to Yield Interest Receivable Or Date Cash Received Interest Revenue Credit 257289 Bond Carry Discount Amortization Amou Bon