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On January 1, 2020, Monty Company purchased $500,000,10% bonds of Cabana Co. for $519,782. The bonds were purchased to yield 9% interest. Interest is payable

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On January 1, 2020, Monty Company purchased $500,000,10% bonds of Cabana Co. for $519,782. The bonds were purchased to yield 9% interest. Interest is payable semiannually on July 1 and January 1 . The bonds mature on January 1,2025 . Monty Company uses the effective-interest method to amortize discount or premium. On January 1, 2022, Monty Company sold the bonds for $512,100 after receiving interest to meet its liquidity needs. Prepare the amortization schedule for the bonds. (Round answers to 0 decimal places, e.g. 1,250.) 12/31/22 7/1/23 12/31/23 7/1/24 12/31/24 Total $ $

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