6. (6 points) on January 1, 2017, Swifty Company sold 8% bonds having a maturity value of $500,000, which provides the bondholders with a 6% yield. The bonds are dated January 1, 2017, and mature January 1, 2022 (5 year bonds), with interest payable December 31 of each year (annual bonds). Swifty Company allocates interest and unamortized discount or premium on the effective interest basis. Prepare a schedule of interest expense and bond amortization for 2017-2021. You'll need to calculate the issue price of the bonds to fill in for the 1/1/17 carrying value. Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Cash Interest Premium Carrying Date Paid Expense Amortized Amount of Bonds 1/1/17 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21