On January 1, 2021, Ayayai Co. issued ten-year bonds with a face value of $6,500,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are:

Present value of 1 for 10 periods at 10%		0.386
Present value of 1 for 10 periods at 12%		0.322
Present value of 1 for 20 periods at 5%		0.377
Present value of 1 for 20 periods at 6%		0.312
Present value of annuity for 10 periods at 10%		6.145
Present value of annuity for 10 periods at 12%		5.650
Present value of annuity for 20 periods at 5%		12.462
Present value of annuity for 20 periods at 6%		11.470

Without prejudice to your solution in part (a), assume that the issue price was $5,746,000. Prepare the amortization table for 2021, assuming that amortization is recorded on interest payment dates using the effective-interest method.

Without prejudice to your solution in part (a), assume that the issue price was $5,746,000. Prepare the amortization table for 2021, assuming that amortization is recorded on interest payment dates using the effective-interest method.

Date	Cash	Expense	Amortization	Carrying Amount
1/1/18
6/30/18
12/31/18