On January 1, 2020. Sunland Company purchased 8% bonds having a maturity value of $240.000, for $260.219.71. The bonds provide the bondholders with a 6% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Sunland Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are dassified in the held-to-maturity category. Prepare the journal entry at the date of the bond purchase (Enter answers to 2 decimal places, eg. 2,525.25. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1. 2020 e Textbook and Media Assistance Used eTextbook List of Accounts Prepare a bond amortization schedule. (Round answers to 2 decimal places, eg. 2,525.25.) Schedule of Interest Revenue and Bond Premium Amortization Effective Interest Method Cash Interest Premium Received Revenue Amortized Carrying of B late 1/20 $ $ $ $ 1/21 1/22 1/23 1/24 1/25 Prepare the journal entry to record the interest revenue and the amortization at December 31, 2020. (Round answers to 2 decimal places, eg. 2,525.25. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31, 2020 eTextbook and Media Assistance Used eTextbook List of Accounts Prepare the journal entry to record the interest revenue and the amortization at December 31, 2021. (Round answers to 2 decimal places, eg. 2,525.25. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec 31. 2021