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On January 1,2024 , Sunland Ltd. issued $545,000 of 5%,5-year bonds. The bonds were issued to yield a market interest rate of 6%. Sunland's year

On January 1,2024 , Sunland Ltd. issued $545,000 of 5%,5-year bonds. The bonds were issued to yield a market interest rate of 6%. Sunland's year end is December 31. On January 1, 2026, immediately after making and recording the semi-annual interest payment, Sunland redeemed the bonds. A partial bond amortization schedule is presented below

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