On January 3, 2010, Moss Co.acquires $100,000 of Adam Company's 10-year, 10% bonds at a price of $106,418 to yield 9%.Interest is payable each December 31.The bonds are classified as held-for-collection.Assuming that Moss Co.uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2011 related to these bonds?

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The Answer of On January 3, 2010, Moss Co.acquires $100,000 of Adam Company's 10-year, 10% bonds at a price of $106,418 to yield 9%.Interest is payable each December 31.The bonds are classified as held-for-collection.Assuming that Moss Co.uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2011 related to these bonds?