Blue Spruce Corp. sold $4,000,000, 4%, 10-year bonds on January 1, 2019. The bonds were dated January 1 and pay interest annually on January 1. Blue Spruce Corp. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104.

Prepare a bond premium amortization schedule for the first 4 interest periods.

Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date 1 2 3 4