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Marin Ltd, issued $680,000 of 15-year, 9.00% bonds on January 1, 2022, when the market interest rate was 8.00%. The cash received at the issuance

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Marin Ltd, issued $680,000 of 15-year, 9.00% bonds on January 1, 2022, when the market interest rate was 8.00%. The cash received at the issuance of the bond was $738,792.91. Interest is payable semi-annually on July 1 and January 1. Marin has a December 31 year end Prepare a bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal places, eg. 15.75.) MARIN LTD. Bond Premium Amortization Schedule Effective-Interest Method Semi-Annual Interest Period Interest Payment Interest Expense Amortization Issue Date, Jan 1, 2022 July 1, 2022 $ $ Jan. 1.2023 July 1, 2023 Jan. 1.2024

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