On January 1, 2020, Larkspur Inc. sold 14% bonds having a maturity value of $720,000 for $771,912, which provides the bondholders with a 12% yield. The bonds are dated January 1, 2020, and mature on January 1, 2025, with interest payable on January 1 of each year. The company follows IFRS and uses the effective interest method.

Prepare a schedule of interest expense and bond amortization for 2020 through 2023. (Round answers to O decimal places, e.g. 5,275.) Schedule of Interest Expense and Bond Premium Amortization Effective Interest Method Debit Debit Interest Bonds Expense Payable Credit Cash Carrying Amount of Bonds Date 1/1/20 771912 1/1/21 T 100800 ** $ 1/1/22 100800 ****** 1/1/23 100800