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On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 3 1 . The bonds mature at

On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds:
Date Cash Interest Amortization Balance
1/1/20x1 $ 34,563
12/31/20x1 $ 2,890 $ 2,765 $ 12534,438
12/31/20x2?question mark ?question mark ?question mark 34,303
12/31/20x3?question mark ?question mark 146?question mark
12/31/20x4?question mark 2,733?question mark 34,000
P10-10 Part 1
Required:
1. Complete the amortization schedule.
Note: Enter all your values in positive. Round your final answers to nearest whole dollar amount.

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