QUESTION 34 Use this information for questions 34 and 35. Haley Co purchased $1,000,000 of 8%, 5-year bonds from Ritter, Inc. on January 1, 2020, with interest payable on July 1 and January 1. The bonds sold for $1,041,580 at a market interest rate of 7%. Use the effective interest method. By how much is interest revenue on the income statement different than interest revenue received in cash? Winterest revenue on is is smaller write amount as a negative i.e. -4,000. If larger, then just enter number. 4,000 QUESTION 35 What is the incremental impact on net income on 12/31/20