On December 31, 2014, Plank Corporation issued $800,000, 6%, 5-year bonds for $735,100. The bonds were sold to yield an effective-interest rate of 8%. Interest is paid annually on December 31. The company uses the effective-interest method of amortization.

Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates. (Round answers to O decimal places, e.g. 5,275.) PLANKCORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments 696 Bonds Issued at 896 Interest Periods Interest to Be PaidInterest ExpenseDiscount AmortizationUnamortized Discount Carrying Value of Bonds 12/13/14(Issue date) 12/31/15 12/31/16