Burnaby General Stores Inc. is authorized to issue $550,000 of 8.6%, 10-year bonds. On December 31, 2020, when the market interest rate is 9.6%, the company issues $440,000 of the bonds and receives cash of $409,926. Burnaby General amortizes bonds by the effective-interest method. The semi-annual interest dates are January 31 and July 31 Requirements 1. Prepare a bond amortization table for the first four semi-annual interest periods. 2. Record issuance of the bonds on December 31, 2020, and the semi-annual interest payments on January 31, 2021, and July 31, 2021. Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods. (Round the amounts to the nearest dollar.) Burnaby General Stores Inc. Amortization Table A B C D E Interest Expense Interest Payment (4.8% of Preceding Discount Bond Carrying