On January 1, 2020, Sunland Company purchased $360,000, 8% bonds of Aguirre Co. for $332,201. The bonds were purchased to vield 10% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2025. Sunland Company uses the effective-interest method to amortize discount or premium. On January 1, 2022. Sunland Company sold the bonds for $333.764 after receiving interest to meet its liquidity needs.

Prepare the amortization schedule for the bonds.

Schedule of Interest Revenue and Bond Discount Amortization-Effective-Interest Method Bonds Purchased to Yield 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