Calculations Marketing Inc. Issued $14\mathrm{.}0\%$ bonds with a par value of $$500,000$ and a five$-$year life on January $1,2023,$ for $$536,800.$ The

bonds pay Interest on June $30$ and December $31.$ The market Interest rate was $12\%$ on the orlginal Issue date. Use TABLE $14$A$\mathrm{.}1$ and

TABLE $14$A$\mathrm{.}2($Use approprlate factor$($s$)$ from the tables provlded.$)$

Required:

Calculate the total bond Interest expense over the life of the bonds.

Total interest expense

$2$ Prepare an amortization table using the effective Interest method. $($Do not round Intermedlate calculations. Round the final

answers to the nearest whole dollar.$)$