Patton Company purchased $900,000 of 10% bonds of Scott Company on January 1, 2018, paying $846,225. The bonds mature January 1, 2028: interest is payable each July 1 and January 1. The discount of $53,775 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of: $ 93,078. $95.382. $93,169. $90,000.