disclaimer: red box from cash paid is NOT 239000 red box from interest expense is NOT 273460

Your answer is partially correct. Grouper Company sells 10% bonds having a maturity value of $2,390,000 for $2,217,700. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to O decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Cash Paid Interest Expense Discount Amortized Year Amo Jan. 1, 2020 $ i $ i $ i $ Jan. 1, 2021 34460 Jan. 1, 2022 239000 273460 34460 Jan. 1, 2023 239000 273460 34460 Jan. 1, 2024 239000 273460 34460 Jan. 1, 2025 239000 273460 34460