On July 1, 2017, Rectangle, Inc. purchased Diamond Company's five-year 12% bonds with a face value of $500,000 for $569,000, which included $25,000 of accrued interest. The bonds, which mature on February 1, 2022, are to be held-to-maturity and pay interest on February 1 and August 1. Rectangle uses the straight-line method of amortization. The amount of income that Triangle would report for the calendar year 2017 as a result of this long-term investment would be I know the correct answer is $25,200.

I found this question posted on http://www.chegg.com/homework-help/questions-and-answers/july-1-2017-rectangle-inc-purchased-diamond-company-s-five-year-12-bonds-face-value-500-00-q11425901?trackid=1cf9175c&strackid=3763b11f&ii=1

^^But it's not the correct answer. I really need to see the correct work for this question. Thank you!