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Ayayai Corporation issued $520,000,7%, 20-year bonds on January 1, 2022 for $468,947. This price resulted in an effective- interest rate of 8% on the bonds.

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Ayayai Corporation issued $520,000,7%, 20-year bonds on January 1, 2022 for $468,947. This price resulted in an effective- interest rate of 8% on the bonds. Interest is payable annually on January 1. Ayayal uses the effective-interest method to amortize bond premium or discount. (a 1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Ayayai. (Round answers to 0 decimal places, eg. 5,275.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamort Discou Issue date $ $ 1 2 e Textbook and Media

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