On January 1, 2023, Bridgeport Corporation purchased a newly issued $1,250,000 bond. The bond matured on December 31,2025 , and paid interest at 6% every June 30 and December 31 . The market interest rate was 8%. Bridgeport's fiscal year-end is October 31 , and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model.

PV = $1,184,473.29

Prep an amortization schedule for the bond