On January 1, 2016, Bradley Recreational Products issued $125,000, 10%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $117,237 to yield an annual return of 12%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) (Use appropriate factor(s) from the tables provided.)

Required: 1. Prepare an amortization schedule that determines interest atthe effective interest rate Increase in carrying value Balance Effective Payment Cash Number Payment Interest Totals