On January 1, 2020, Wildhorse Company acquires $240,000 of Spiderman Products, Inc, 10% bonds at a price of $223,000. Interest is received on January 1 of each year, and the bonds mature on January 1, 2023. The investment will provide Wildhorse Company a 13% yield. The bonds are classified as held-to-maturity. (a) Your answer is correct Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method. (Round answers to O decimal places, eg. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Straight-line Method Bond Purchased to Yield Cash Received Interest Revenue Bond Discount Amortization Carrying Amount of Bonds $ $ 0 $ 0 $ 0 $ 223000 24000 29667 5667 228667 24000 29667 5667 234334 24000 29666 5666 240000 Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective-interest method. (Round answers to decimal places, e.g. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Effective-Interest Method Bond Purchased to Yield Cash Received Interest Revenue Bond Discount Amortization Carrying Am of Bond: Date 1/1/20 $ $ $ 07 $ $ 1/1/21 1/1/22 1/1/23