W. IL LICIU maturity Deculies On January 1, 2017, Hi and Lois Company purchased 12% bonds having maturity value of $300,000 for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2017, and ma January 1, 2022, with interest receivable on January 1 of each year. Hi Lois Company uses the effective-interest method to allocate unamortiz discount or premium. The bonds are classified in the held-to-maturity category. Instructions (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare a bond amortization schedule. (c) Prepare the journal entry to record the interest revenue and the amortization at December 31, 2017. (d) Prepare the journal entry to record the interest revenue and the amortization at December 31, 2018