Exercise 10-20A (Algo) Effective interest amortization of a bond discount LO 10-6 On January 1. Year 1. Parker Company issued bonds with a face value of $75.000, a stated rate of interest of 6 percent, and a five-year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 8 percent at the time the bonds were issued. The bonds sold for $69,011. Parker used the effective interest rate method to amortize the bond discount. Note: Round your intermediate calculations and final onswers to the nearest whole dollar amount. Required o. Prepare an amortization table