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Not sure how to complete the schedule of interest payments Carla Company sells 8% bonds having a maturity value of $2,020,000 for $1,866,850. The bonds

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Carla Company sells 8% bonds having a maturity value of $2,020,000 for $1,866,850. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Determine the effective interest rate. (Round answer to 0 decimal places, e.g. 18%.) The effective interest rate % e Textbook and Media Set up a schedule of interest expense and discount amortization under the effective interest method. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, eg. 38,548.) Schedule of Discount Amortization Effective-Interest Method Interest Payable Interest Expense Discount Amortized Carryir Amount of Year Jan. $ $ $ $ 1, 2020 Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023 IMA Dec. 31, 2024

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