Question 22 4 pts Patent Company purchased $450,000 of 11% bonds of Leather Company on January 1, 2020, paying $429,087. The bonds mature December 31, 2026, and interest is payable semi-annually on June 30 and December 31. The discount of $20,913 provides an effective yield of 12%. Patent uses the effective interest method and plans to hold these bonds to maturity. At December 31, 2020, the carrying value of the investment account is $431,137 and the fair value is $503,125. For the year ended December 31, 2020, Patent Company should report interest revenue from the Leather Company bonds of $51.550 $49,500 $51.490 $47,200