Genesis Inc. issued bonds with the following characteristics:

Face value

Stated rate

Market rate

Maturity date

Date of issuance

Bond Issue Costs

Call price

Interest payments due

$$300,000$

$8\%$

$10\%$

January $1,2023$

January $1,2018$

$$20,000$

$106$

The company reports its Semi $-$ Annual on January $1$ and July $1$

inancial information to stockholders on a December $31$ year$-$end basis

Effective interest

a$)$ Compute the premium or discount at issuance.

b$)$ Prepare the amortization schedule from $1/1/2018$ to $($and including$)7/1/2019.$