Cinderella Shoes Inc., a private company  following ASPE, is having difficulty meeting its working capital requirements. As a result, on January 1, 2020, the  company sold bonds with a face value of $1 million, receiving $800,000 in cash. The bonds have an interest rate  of 8% and mature on January 1, 2022. Interest is payable semi-annually on January 1 and July 1.

Instructions
Set up a schedule of interest expense and discount amortization under the straight-line method.