Current Attempt in Progress

On January $1,2025,$ Swifty Company acquires $$150,000$ of Spiderman Products, Inc., $10\%$ bonds at a price of $$139,375.$ Interest is

received on January $1$ of each year, and the bonds mature on January $1,2028.$ The investment will provide Swifty Company a $13\%$

yield. The bonds are classified as held$-$to$-$maturity.

$($B$)$ prepare a $3-$yearl schedule of interest revenue and bond discount amortization,applying the effective interest method.