Crane Corporation issued $260,000 of 5-year bonds on April 1, 2020. Interest is paid semi-annually on April 1 and October 1. Below is a partial amortization schedule for the first few years of the bond issue. Semi-Annual Interest Interest Interest Period Payment Expense Amortization Bond Amortized Cost Apr.1, 2020 $271,989 Oct. 1, 2020 $5,200 $4,080 $1,120 270,869 Apr. 1, 2021 5,200 4,063 1,137 269,732 Oct. 1, 2021 5,200 4,046 1,154 268,578 Apr. 1, 2022 5,200 4,029 1,171 267,407 Oct. 1, 2022 5,200 4,011 1,189 266,218 Apr. 1, 2023 5,200 3,993 1,207 265,011