On January 1, 2020, Tamarisk Company purchased $300,000, 6% bonds of Aguirre Co. for $275,666. 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. Tamarisk Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Tamarisk Company sold the bonds for $277,397 after receiving interest to meet its liquidity needs. Schedule of Interest Revenue and Bond Discount Amortization-Effective-Interest Method Bonds Purchased to Yield Interest Receivable Or 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 7/1/23 1/1/24 7/1/24 1/1/25 Total $ Bond Discount Amortization Carrying Amount o Bonds