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Sandhil Company purchased $1300000 of 9% bonds of Scott Company on January 1, 2021. Duine $1218996. The bonds mature January 1, 2031: interest is payable

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Sandhil Company purchased $1300000 of 9% bonds of Scott Company on January 1, 2021. Duine $1218996. The bonds mature January 1, 2031: interest is payable each July 1 and Ianuary 1. The discount of $81004 provides an effective yield of 10% Sandhil Company uses the effective interest method and plans to hold these bonds to maturity For the yrarded December 31, 2021.5and Company should report interest revenue from the Scott Company bands of $125100 $122022 $121900 $117000

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