aucetion $2$:

On December $31,2015,$ when the market rate was $8\%,$ Bones Corp issued $5500,000,10\%,5$ year bonds. Interest is payable semiannually on June $30$ and December $31.$ The corporation uses the effective interest method of amortizing bond premiums or discounts.

Present value of an annuity factor for $10$ periods at $4\%$

Present value of an annuity factor for $4\%$ Present value factor for $10$ periods at $5\%$

Prepare an amortization schedule for the first tive dollar. below. Round all amounts to the nearest whole dollar.