On November $1,2018,$ Reid Corporation acquired bonds with a face value of $$1,000,000$ for $$963,199\mathrm{.}78.$ The bonds carry a stated rate of interest of $11\%,$ were purchased to yield $12\%,$ pay interest semiannually on April $30$ and October $31,$ were purchased to be held to maturity, and are due October $31,2022.$ On November $1,2019,$ in contemplation of a major acquisition, the bonds were sold for $$1,000,000.$ Reid is on a fiscal year accounting period ending October $31$ and uses the effective interest method.