PRINTER VERSION BACK NE On January 1, 2020, Concord Corp. acquires 311,000 of Spider Products Inc. 7% bonds at a price of $287,798. The interest is payable each December 31, and the bonds mature on December 31, 2022. The investment will provide Concord Corp. with a 10% yield. Concord Corp. applies IFRS and accounts for this investment using the amortized cost model Prepare a three-year bond amortization schedule. (Round answers to decimal places, e.g. 5,275.) Schedule of Interest Income and Bond Discount Amortization Effective Interest Method Interest Bond Discount Income Amortization Date Cash Received Carrying Amount of Bonds 01/01/20 12/31/20 12/31/21 12/31/22 SHOW LIST OF ACCOUNTS Prepare the sournal try to record interest received and interest income on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Round answers to o decimal places, e.g. 5,275.) Debit Credit Date Account Tities and Explanation Dec 31, 2021