Metlock plc sells $9\%$ bonds having a maturity value of $2,400,000$ for $2,140,464.$ The bonds are dated January $1,2022,$ and mature January $1,2027.$ Interest is payable annually on January $1.$

Set up a schedule of interest expense and discount amortization. $($Hint: The effective$-$interest rate must be computed.$)($Round effective interest rate to $0$ decimal places, e$.$g$.25\%.$ Round answers to $2$ decimal places, e$.$g$.38,548\mathrm{.}37.)$