On October 1, 2012, Menke Co.purchased to hold for collection, 200, $1,000, 9% bonds for $210,000 (an 8% effective interest rate).Interest is paid semiannually on April 1 and October 1 and the bonds mature on October 1, 2017.Menke uses effective interest amortization.Ignoring income taxes, the amount reported in Menke's 2012 income statement from this investment should be

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The Answer of On October 1, 2012, Menke Co.purchased to hold for collection, 200, $1,000, 9% bonds for $210,000 (an 8% effective interest rate).Interest is paid semiannually on April 1 and October 1 and the bonds mature on October 1, 2017.Menke uses effective interest amortization.Ignoring income taxes, the amount reported in Menke's 2012 income statement from this investment should be