Effective Interest Amortization On January 1, Eagle, Inc., issued $800,000 of ten percent, 20-year bonds for $958,342, yielding an effective interest rate of eight percent. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the premium Required Prepare an amortization schedule showing the necessary information for the first two interest periods. Round amounts to the nearest dollar. Balance of Unamortized Discount Book Value of Bonds End of Period Interest Interest Interest Year Period Periodic Amortization Expense Paid at issue 0 0 0