On January 1, a company purchased 3%, 10-year corporate bonds for $73,459,316 as an investment. The bonds have a face amount of $80 million and are priced to yield 4%. Interest is paid semiannually. Prepare a partial amortization table at the effective interest rate on June 30 and December 31. Prepare the journal entries necessary to record revenue at the effective interest rate on June 30 and December 31.

Period-End	Cash Interest Received	Bond Interest Revenue	Discount Amortization	Carrying Value
January 1				$73,459,316
June 30	$1,200,000	$1,469,186	$269,186
December 31	1,200,000	1,474,570	274,570	274,570