On January $1,2022,$ Graphics World Video, Incorporated issued $$1,100,000$ of $$1,000$ par value, $5\%,6-$year bonds. Interest is

payable semiannually each January $1$ and July $1$ with the first interest payment due at the end of the period on July $1,2022.$ The

market rate of interest for similar nonconvertible bonds on the date of the bond issue was $7\%.$ The bonds were sold for $$1,285,709,$

yielding an effective rate of $2\%.$ Each bond is convertible into $70$ shares of Graphics World's $$1$ par value common stock.

Read the requirements.

Requirement a$.$ Prepare the amortization table for the bond issue through January $1,2025,$ assuming that Graphics World uses the

effective interest rate method of amortization. $($Round each calculation to the nearest whole number and then use the rounded value

for each subsequent calculation in the table.$)$