Ivanhoe Company sells $9\%$ bonds having a maturity value of $$4,800,000$ for $$5,406,579.$ The bonds are dated January $1,2020,$ and

mature January $1,2025.$ Interest is payable annually on January $1.$

Set up a schedule of interest expense and premium amortization under the straight$-$line method. $($Round answers to $0$ decimal places, e$.$g$.$

$38,548.)$