On January 1, 2020, Waterway Company acquires $220,000 of Spiderman Products, Inc., 10% bonds at a price of $214,624. Interest is received on January 1 of each year, and the bonds mature on January 1, 2023. The investment will provide Waterway Company a 11% yield. The bonds are classified as held-to-maturity.

B) Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective-interest method. (Round answers to 0 decimal places, e.g. 2,500.)

Schedule of Interest Revenue and Bond Discount Amortization Effective-Interest Method Bond Purchased to Yield
Date		Cash Received		Interest Revenue		Bond Discount Amortization		Carrying Amount of Bonds
1/1/20		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
1/1/21		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
1/1/22		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
1/1/23		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount

(C) prepare Journal Entry under straight Line Method on 31^st December 2021

(d) prepare Journal Entry under Effective Interest Method on 31^st December 2021 ;