$(6$ points$)$ On January $1,2019,$ Swifty Company sold $10\%$ bonds having a maturity value of $$500,000,$

which provides the bondholders with a $9\%$ yield. The bonds are dated January $1,2019,$ and mature

January $1,2022(3$ vear bonds$),$ with interest payable June ${30}^{th}$ and December $31$ of each year $($semi$-$

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 $2019-2021.$ You'll need to

calculate the issue price of the bonds to fill in for the $\frac{1}{1}\frac{?}{19}$ carrying value.