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On January 1, Year 1, a company issues $580,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year.

On January 1, Year 1, a company issues $580,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $523,672. Exercise 9-14B Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.)

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