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Debt Issued at a Discount (Straight Line) On January 1, 2020, Drew Company issued $350,000, 5-year bonds for $320,000. The stated rate of interest was

Debt Issued at a Discount (Straight Line)

On January 1, 2020, Drew Company issued $350,000, 5-year bonds for $320,000. The stated rate of interest was 7% and interest is paid annually on December 31.

Required:

Prepare the amortization table for Drew Company's bonds. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0".

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