Marin Ltd. issued $698,600 of 15-year, 7.5% bonds on January 1, 2018, when the market interest rate was 6.5%. The cash received at the issuance of the bond was $764,903.84. Interest is payable semi-annually on July 1 and January 1. Marin has a December 31 year end.

Prepare bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal places, e.g. 15.75.)

MARIN LTD. Bond Premium Amortization Schedule Effective-Interest Method
Semi-Annual Interest Period		Interest Payment		Interest Expense		Amortization		Bond Amortized Cos