16 Part 8 of 9 2 points Required information [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization January 1, Year 1 Book Value $ 48,813 End of Year 1 $ 3,600 End of Year 2 ? $ 3,417 ? $ 183 ? 48,630 eBook End of Year 3 End of Year 4 ? ? 210 48,434 ? ? 3,376 ? 48,000 Print References 8. What amount of interest expense will be reported on the income statement for Year 2 and Year 3? (Round your final answers to nearest whole dollar amount.) Year 2 Year 3 Interest Expense