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(1) Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below] Duval

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(1) Required information Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below] Duval Company issues four-year bonds with a $119,000 par value on January 1,2020 , at a price of $114,840. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. Exercise 10-7 (Algo) Part 1 1. Prepare a straight-line amortization table for these bonds. Note: Round your answers to the nearest dollar amount

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