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Edward Lewis Company sells 8% bonds having a maturity value of $2,840,000 for $2,624,680,00. The bonds are dated January 1 , 2025, and mature January

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Edward Lewis Company sells 8% bonds having a maturity value of $2,840,000 for $2,624,680,00. 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 effective-interest method. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, eg. 38,548.25.) n

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