Amortization of Premium Stacy Company issued five-year, 10% bonds with a face value of $10,000 on January 1, 2016. Interest is paid annually on December 31. The market rate of interest of January 1, 2016, is 8% and the proceeds from the bond issuance equal $10,799. Required: Question Content Area 1. Prepare a five-year table to amortize the premium using the effective interest method.