On January $1,2025,$ Kingbird Company acquires $$310,000$ of Spiderman Products, Inc., $10\%$ bonds at a price of $$295,109.$ Interest is received on January $1$ of each year, and the bonds mature on January $1,2028.$ The investment will provide Kingbird Company a $12\%$ yield. The bonds are classified as held$-$to$-$maturity.

Prepare a $3-$year schedule of interest revenue and bond discount amortization, applying the effective$-$interest method. $($Round answers to $0$ decimal places, e$.$g$.1,225.)$

Schedule of Interest Revenue and Bond Discount Amortization Effective$-$Interest Method $10\%$ Bond Purchased to Yield $12\%$

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