"ilmtakeAssignment/takeAssignmentMain.do/invokertakeAssignmentSessionLocatur &inprogress-fabe Bonds Issued at a Premium (Effective Interest) Haley Industries issued $100,000 of 7%, 7-year bonds on January 1, 2024, with a $5,582 premium. Interest is paid annually on December 31. The market rate of interest is 6% The information has been collected in the Mermsoft Excel Online file, Open the spreadsheet, perform the required analysis, and input your answer in the question below Open spreadsheet Required Prepare the amortization table using the effective interest rate method. Round interest expense to a dollar and round final year interest expense amount to complete the amortization Haley Industries Amortization Table- Period Cash Payment (Credit) Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Balance Carrying Value 5,582 At 105,582 12/31/24 7,000 12/31/25 7,000 12/31/26 7,000 12/31/27 7,000