BU curriculum corporation issued $900,000 of 8% bonds on November 1, 2018, due on November 1, 2023. The interest is to be paid twice a year on Nov. 1 and May 1. The bonds were sold to yield 10% effective annual interest. BU curriculum corporation closes its books annually on December 31.

A.) Compute the interest expense to be reported in the income statement for the year ended December 31, 2018 and December 31, 2019

B.) Complete an amortization schedule for the above bond (for all periods) using the Straight-line amortization method (entries are not required).