View Policies Current Attempt in Progress Pharoah Company purchased $1700000 of 11% bonds of Scott Company on January 1, 2021. paying $1602506. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $97494 provides an effective yield of 12%. Pharoah Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2021, Pharoah Company should report interest revenue from the Scott Company bonds of: $196749. O $192300. O $192459. O $187000. Save for Later Attempts: 0 of 1 used Submit Answer