O Required information The following information applies to the questions displayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $42,734 End of Year 1 $ 2,562 $ 2,393 $ 169 42,565 End of Year 2 42,387 End of Year 3 188 End of Year 4 2,363 42,000 7 2 2 2 2 2 2 7 5. How much cash will be disbursed for interest each period and in total over the life of the bonds? Cash disbursed per period Cash disbursed in total