Need it to be done on excel

49. BOND AMORTIZATION SCHEDULE Atlas Airlines, Inc., issued $600,000 of an 8 3/8% (0.08375), five-year bonds payable when the market interest rate was 9 1/2% (0.095). Atlas pays interest annually at year end. The issue price of the bonds was $574,082. Create a spreadsheet model to prepare a schedule to amortize the discount on these bonds. Use the effective-interest method of amortization. Round to the nearest dollar, and format your answer as follows. 11 Output Area: 12 13 14 Date Payment Expense Amortization Balance Amount 15 1-1-x1 16 12-31-x1 $ 17 12-31-x2 18 12-31-x3 19 12-31-x4 20 12-31-x5 Bond Interest Interest DiscountDiscount Carrying $574,082 Use the following formulas: Interest payment (B16): Interest expense (C16) 60000008375 -F15*.095