Grove Corporation issued $4000000 of 8% bonds on October 1st 2014 due on October 1st 2019. The interest is to be paid twice a year on April 1st and October 1st. the bonds were sold to yield 10% effective annual interest. Grove Corporation closed its books annually on December 31st. complete the following amortization schedule for the dates indicated October 1st 2014 April 1st 2015 and October 1st 2015. next prepare the adjusting entry for December 31st 2015. Use the effective interest method. there are three entries next compute the interest expense to be reported on the income statement for the year ended December 31st 2015.