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On January 1, 2023, Shamrock Inc. sold 12% bonds having a maturity value of $780,000 for $839,136, which provides the bondholders with a 10% yield.

On January 1, 2023, Shamrock Inc. sold 12% bonds having a maturity value of $780,000 for $839,136, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2023, and mature on January 1, 2028, with interest payable on January 1 of each year. The company follows IFS and uses the effective interest method.Prepare a schedule of interest expense and bond amortization for 2023 through 2026.

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