Discount Amortization Schedule and Retirement Before maturity Foster Incorporated sold $500,000 of 12% bonds on January 1, 2016, for S470.143 47, a pnce that yields a 14% interest rate. The bonds pay interest semiannually on June 30 and December 31 and are due December 31, 2019. Foster uses the effective interest methood. Required: 1. Prepare an interest expense and discount amortization schedule. 2. Assume the company reacquired the bonds on July 1, 2018, at 104. Prepare journal entries to record the bond retirement