WILL RATE, but please explain! In red is my math- not sure what I am doing wrong but I know my math for letter B is incorrect, which would make letter A incorrect as well?

Wicker Company bought $1,500,000 of 10% bonds of Kij Company on January 1, 2018, paying $1,410,375. The bonds mature January 1, 2028; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. Wicker Company uses the effective-interest method and plans to hold these bonds to maturity.

A) On July 1, 2018, Wicker Company should increase its Debt Investments account for the Kij Company bonds by

(1,410,375*(.11/2)) - (1,500,000) * (.10/2)) = $2,751.00

a. $8,970. b. $5,140. c. $4,485. d. $2,571. B) For the year ended December 31, 2018, Wicker Company should report interest revenue from the Kij Company bonds of: a. $158,970. 1,410,375*.11= $155,141.30 b. $155,283. c. $155,130. d. $150,000.

WILL RATE, but please explain/label steps. Trying to understand! In red is my math- not sure what I am doing wrong but I know my math for letter B is incorrect, which would make letter A incorrect as well? Wicker Company bought $1,500,000 of 10% bonds of Kil. Company on January 1, 2018, paying $1,410,375. The bonds mature January 1, 2028; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. wicker Company uses the effective- interest method and plans to hold these bonds to maturity A) On July 1, 2018, Wicker Company should increase its Debt Investments account for the Kij Company bonds by (1,410,375%.11/2)-(1,500,000) * (.10/2)-$2,751.00 a. $8,970 b. $5,140 c. $4,485 d. $2,571 B) For the year ended December 31, 2018, Wicker Company should report interest revenue from the Kij Company bonds of a. $158,970. b. $155,283. c. $155,130. d. $150,000. 1,410,375*.11- $155,141.30