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Edward Lewis Company sells 10% bonds having a maturity value of $2,230,000 for $2,069,235. The bonds are dated January 1 , 2025 , and mature

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Edward Lewis Company sells 10% bonds having a maturity value of $2,230,000 for $2,069,235. The bonds are dated January 1 , 2025 , and mature January 1,2030. Interest is payable annually on January 1. Click here to view factor tables. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 2 decimal places, e.g. 38,548.25)

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