QUESTION 31 Use this information for questions 31 and 33 Patton Company purchased $600,000 of 10% bonds of Scott Co. on January 1, 2020 paying $564,150. The bonds mature January 1, 2030; interest is payable each July 1 and January 1. The discount of $35,850 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity. On July 1, 2020, Patton Company should increase its Debt Investments account for the Scott Co. bonds by: QUESTION 32 For the year ended December 31, 2020,Patton Company should report interest revenue from the Scott Co. bonds of? QUESTION 33 What is the carrying value of Pattor's investment on 12/31/297