Exercise 14-6 Nash Company sells 9% bonds having a maturity value of $2,500,000 for $2,229,651. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Year Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Jan. 1, 2017 $ $ $ $ 2,229,651 Jan. 1, 2018 225,000 Jan. 1, 2019 225,000 Jan. 1, 2020 225,000 Jan. 1, 2021 225,000 Jan. 1, 2022 225,000