Metlock Inc., a private company following ASPE, is having difficulty meeting its working capital requirements. As a result, on January 1, 2020, the company sold bonds with a face value of $1.75 million, receiving $990,000 in cash. The bonds have an interest rate of 10% and mature on January 1, 2022. Interest is payable semi-annually on January 1 and July 1. Set up a schedule of interest expense and discount amortization under the straight-line method. Schedule of Discount Amortization Straight-Line Method Credit Interest Year Payable Jan. 1,2020 July 1, 2020 Dec. 31, 2020 July 1, 2021 Dec. 31, 2021 $ Debit Interest Expense Credit Bond Carr Amc Payable of B