Exercise 10-22 (Part Level Submission) Flounder Corp. issued $375,000,7%, 20-year bonds on January 1, 2017, for $338,181. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Founder uses the effective-interest method to amortize bond premium or discount. (1) Prepare the schedule using effective interest method to amortize bond premium or discount of Flounder Corp. (Round answers to decimal places, e.g. 5,250.) Interest Interest to Interest Expense Discount Unamortized Bond Periods Be Paid to Be Recorded Amortization Discount Carrying Value Issue date $ 338101 1 26250 27054 804 2 26250 Click if you would like to show Work for this question: Open Show Work