On January $1$ of Year $1,$ Williams Inc. issued $4-$year, $$50,000,5\%$ bonds, priced to yield $6\%,$ with cash interest payable semiannually on June $30$ and December $31.$ The company amortizes the bond discount using the straight. line interest method.

Required

Provide an amortization schedule of interest and discount amortization for the $4-$year bond term.