Gary King Company sells $10\%$ bonds having a maturity value of $$2,390,000$ for $$2,217,700.$ The bonds are dated January $1,2025,$ and

mature January $1,2030.$ Interest is payable annually on January $1.$ tables.

Set up a schedule of interest expense and discount amortization under the straight$-$line method. $($Round answers to $2$ decimal places, e$.$g$.$Schedule of Discount Amortization

Straight$-$Line Method

$38,548\mathrm{.}25.)$