Shuttle Company issued $5,000,000, three-year, 4.1 percent bonds on January 1, 2017. The bond interest is paid each December 31, the end of the company's fiscal year. The bond was sold to yield 4 percent.

Required:
1. Complete a bond payment schedule. Use the effective-interest method.
2. What amounts will be reported on the financial statements (statement of financial position, statement of earnings, and statement of cash flows) for 2017, 2018, and 2019?