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Bonds Issued at a Premium (Effective Interest) Haley Industries issued $80,000 of 9%,7-year bonds on Janusry 1,2024 , with a $4,165 premlum. Interest is pald

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Bonds Issued at a Premium (Effective Interest) Haley Industries issued $80,000 of 9%,7-year bonds on Janusry 1,2024 , with a $4,165 premlum. Interest is pald annually on December 31 . The market rate of interest is 8%. This information has been collected in the Microsoft Excel Online file, Open the spreadsheet, perform the required analysis, and input your answer in the question below. Open spreadsheet Required: Prepare the amortization table using the effective interest rate method. Round interest expense to a dollar and round final year interest expense amount to complete the amortization

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