Exercise 14-10 On January 1, 2017, Buffalo Company sold 11% bonds having a maturity value of $540,000 for $560,470, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2017, and mature January 1 2022, with interest payable December 31 of each year. Buffalo Company allocates interest and unamortized discount or premium on the effective-interest basis Prepare the journal entry at the date of the bond issuance. (Round answer to 0 decimal places, e.g. 38,548. Ifno entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Date Account Titles and Explanation Debit Credit January 1, 2017 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare a schedule of interest expense and bond amortization for 2017-2019. (Round answer to 0 decimal places, e.g. 38,548.) Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Cash Paid Interest Expense Premium Amortized Carrying Amount of Bonds Date 12/31/17 12/31/18 12/31/19