On January 1,2025, Metlock Company purchased 10% bonds having a maturity value of $260,000 for $280,761.26. The bonds provide the bondholders with a 8% yield. They are dated January 1,2025, and mature January 1,2030, with interest received on January 1 of each year. Metlock Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method 10% Bonds Sold to Yield 8% \begin{tabular}{|c|c|c|c|c|c|} \hline Date & \begin{tabular}{c} Cash \\ Received \end{tabular} & & \begin{tabular}{l} Interest \\ Revenue \end{tabular} & & \begin{tabular}{l} Premium \\ Amortized \end{tabular} \\ \hline 1/1/25$ & 260,000 & $ & & $ & \\ \hline 1/1/26 & 260000 & & & & 103806,30 \\ \hline 1/1/27 & 260000 & & & & \\ \hline 1/1/28 & 260000 & & & & \\ \hline 1/1/29 & 260000 & & & & \\ \hline 1/1/30 & 260000 & & & & \\ \hline \end{tabular}