Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2010 using the straight-line method.
INFO:
Sharapove Co common stock, $100 par 200 shares $37,400
U.S. government bonds, 11%, due 4/1/2020, interest payable 4/1 & 10/1, 110 bonds of $1,000 par each $110,000
McGrath Co 12% bonds, par $50,000 dated 3/1/10 purchased at 104 plus accrued interest, interest payable annually on 3/1, due 3/1/2030 $54,000