On January $1$ of this year, Houston Company issued a bond with a face value of $$13,000$ and a coupon rate of $5$ percent. The bond matures in $3$ years and pays interest every December $31.$ When the bond was issued, the annual market rate of interest was $4$ percent. Houston uses the effective$-$interest amortization method. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Required:

Complete a bond amortization schedule for all three years of the bond's life.

What amounts will be reported on the income statement and balance sheet at the end of Year $1$ and Year $2?$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Complete a bond amortization schedule for all three years of the bond's life.

Note: Enter all values as positive values. Round your intermediate calculations and final answers to whole dollars.

$\backslash$table$[[$Date$,$Cash Interest,$\backslash$table$[[$Interest$],[$Expense$]],$Amortization,$\backslash$table$[[$Book Value of$],[$Bond$]]],[$January $01,$ Year $1],[$December $31,$ Year $1,650,,,],[$December $31,$ Year $2,650,,,],[$December $31,$ Year $3,650,,,]]$

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