Bonds Issued at a Premium (Effective Interest) Haley Industries issued $130,000 of 10%, 7-year bonds on January 1, 2024, with a $6,543 premium. Interest is paid annually on December 31. The market rate of interest is 9% 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. TO X 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. 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 Haley Industries Amortization Table Cash Payment Interest Expense Premium on Bonds Premium on Bonds Period (Credit) (Debit) Payable (Debit) Payable Balance Carrying Value At issue 12/31/24 12/31/25 12/31/26 12/31/27 12/31/28 12/31/29 12/31/30 Check My Work 3 more Check My Work uses remaining Previous Next >