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Oriole Company purchased $1650000 of 9% bonds of Pharoah Company on January 1,2025, paying $1547187. The bonds mature on January 1, 2031; interest is payable

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Oriole Company purchased $1650000 of 9% bonds of Pharoah Company on January 1,2025, paying $1547187. The bonds mature on January 1, 2031; interest is payable each July 1 and January 1. The discount of $102813 provides an effective yield of 10%. Oriole uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2025, Oriole should report interest revenue from the Pharoah Company bonds of: $148500 $159930. $154720. $154874

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