On January 1, 2022, Pharoah Company issued $3,780,000 face value, 6%, 10-year bonds at $3,514,509. This price resulted in an effective-interest rate of 7% on the bonds. Pharoah uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1.

(b)

Prepare an amortization table through December 31, 2024 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 15,250.)

Pharoah Company Bond Discount Amortization Effective-Interest MethodAnnual Interest Payments
Annual Interest Periods		Interest to Be Paid		Interest Expense to Be Recorded		Discount Amortization		Unamortized Discount		Bond Carrying Value
Issue date								$enter Unamortized Premium in dollars		$enter Bond Carrying Value in dollars
1		$enter Interest to Be Paid in dollars		$enter Interest Expense in dollars		$enter Discount Amortization in dollars		enter Unamortized Premium in dollars		enter Bond Carrying Value in dollars
2		enter Interest to Be Paid in dollars		enter Interest Expense in dollars		enter Discount Amortization in dollars		enter Unamortized Premium in dollars		enter Bond Carrying Value in dollars
3		enter Interest to Be Paid in dollars		enter Interest Expense in dollars		enter Discount Amortization in dollars		enter Unamortized Premium in dollars		enter Bond Carrying Value in dollars