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On Jаnuаry 1, 2025, Hummer Cоmpаny purchased 6% bоnds, having a maturity value оf $500,000. The bonds provide the bondholders with an 8% yield. They are dated January 1, 2025, and mature January 1, 2028, with interest receivable July 1 and January 1 of each year. Hummer Company uses the effective-interest method to amortize any discount or premium. The bonds are classified as held-to-maturity. Instructions: Prepare the journal entry at the date of the bond purchase. Prepare a bond amortization schedule. Prepare the journal entries to record the interest received and the amortization for 2025.