Grider Industries, Inc. issued $6,000,000 of 8% debentures on May 1, 2014 and totaling $5,323,577. The bonds pay interest semiannually on May 1 and November 1. The data on these bonds is November 1, 2018. The firm uses the effective-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective-interest rate of 10% Calculate the total dollar amount of discount or premium amortization during the first year (5/1/14 through 4/30/15) these bonds were outstanding. (Show computations and round to the nearest dollar.) Grove Corporation issued S800,000 of 8% bonds on October 1,2014, due on October 1, 2015. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Grove Corporation closes its books annually on December 31. Complete the following amortization schedule for the dales indicated. (Round all answers to the nearest dollar.) Use the effective-interest method. Prepare the adjusting entry for December 31, 2015. Use the effective-interest method. Compute the interest expense to be reported in the income statement for the year ended December 31, 2015. Titama Co sells $600,000 of 12% bonds on June 1, 2015. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2020. The bonds yield 10%, selling for $638,780 On October 1, 2016, Titania buys back $300,000 worth of bonds for $315,000 (includes accrued interest). Give entries through October 1, 2016. Prepare all of the relevant journal entries from the time of sale until the date indicated. Amortize premium or discount on interest dates and at year-end. (Assume that reversing entries were made.)