On September 30, 2018, Runtex, Inc, purchased 7.5% bonds of Mailloy Corporation at 95 as a long-term, held-to-maturity Investment. The maturity value of the bonds will be $16,000 on September 30, 2023. The bonds pay interest on March 31 and September 30. Runtex's fiscal year end is December 31 Read the requirements Requirement 1. What method should Runtex use to account for its investment in the Malloy Corp, bonds? Runtex should use the method to account for its Investment in the Malloy Corp. bonds. Requirements 1. What method should Runtex use to account for its investment in the Malloy Corp. bonds? 2. Using the straight-line method of amortizing the discount on bonds, journalize all of Runtex's transactions on the bonds for 2018. 3. Show how Runtex would report everything related to the bond investment on its balance sheet at its year-end, December 31, 2018