Bond Amortization Schedule The following is a partially completed amortization schedule prepared for the Liggett Company to account for its three-year bond issue with a face value of $50,000. The schedule covers the first three semiannual interest payment dates. Amounts are rounded to the nearest dollar. Compute the missing numbers.

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Year Interest Paid Bond Expense Premium Amortized Bonds Payable Carrying Value 0 1/2 (1) $2,627 (2) $52,537 52,164 1 $3,000 (3) $392 (4) 1% (5) (6) (7) (8)