CarPool is an electric ride-sharing company in Singapore that has carried-forward tax losses over the years. The financial year-end for CarPool is on 31 December. (3) On 2 January 2019, CarPool issued a 4-year zero-coupon bond with a face value of $100,000 at $83,270 (before deducting transaction costs) in order to finance its general operations. CarPool incurred and paid transaction costs of $1,000 for the bond issuance on the same day. The bond was recognized by CarPool on an amortized cost basis. The tax deduction for interest expense on the bond and transaction costs incurred will be given at the time of maturity when the issuer incurs an actual outlay to redeem the principal amount of the bond. Required (a) Compute the effective interest rate (EIR) of the zero-coupon bond (in item 3 above). Prepare the amortization schedule for the zero-coupon bond.