Effective Interest Amortization On December 31, Caper, Inc., issued $250,000 of eight percent, ten-year bonds for $218,844, yielding an effective interest rate of ten percent. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the discount. Required Prepare an amortization schedule showing the necessary information for the first two interest periods. Round amounts to the nearest dollar. Balance Book Value Perlodic of Unamortized of Bonds Interest Interest Interest Period Amortization End of Perlod Year Paid Expense Discount 218,844 at issue 0 $ 0 $ 0 $ 31,156$ 1 $ 1 10,942 942 30,214 219,786 220,775 2 10,989 989 29,225