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In: AccountingOn January 1, 2012, Morgan Company acquires $300,000 ofNicklaus, Inc., 9% bonds at a price...On January 1, 2012, Morgan Company acquires $300,000 ofNicklaus, Inc., 9% bonds at a price of $2... On January 1, 2012,Morgan Company acquires $300,000 of Nicklaus, Inc., 9% bonds at aprice of $278,384. The interest is payable each December 31, andthe bonds mature December 31, 2014. The investment will provideMorgan Company a 12% yield. The bonds are classified asheld-to-maturity.(a) Prepare a 3-year schedule of interest revenue and bonddiscount amortization, applying the straight-line method(b) Prepare a 3-year schedule of interest revenue and bonddiscount amortization, applying the effective interest ethod(c) Prepare the journal entry for the interest receipt of Dec31,2013 and discount amrtization under staright line method(d) Prepare the journal entry for the interest receipt of Dec31,2013 and discount amrtization under effective interesmethod