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On January 2, 2020, Frentor Industries Inc. issued $4,800,000 of 9.5 percent, 5-year bonds when the market interest rate was 11 percent. Frentor Industries pays

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On January 2, 2020, Frentor Industries Inc. issued $4,800,000 of 9.5 percent, 5-year bonds when the market interest rate was 11 percent. Frentor Industries pays interest annually on December 31. The issue price of the bonds was $4,533,895. Required Prepare a schedule to amortize the discount on these bonds. Use the effective-interest method of amortization Prepare the schedule below to amoruze the ponas. (ine discount amortization for 2024 may need to be altered slightly in order for the discount balance and bond carrying amount to be correct. This is due to rounding. Round all amounts to the nearest whole dollar. If an account balance is zero, please enter "0".) A B D F 9.5 % E Unamortized Discount 11 % Interest Expense Interest Bond Carrying Amount Date Discount Amortization Payment Balance Jan. 2. 2020 Dec 31, 2020 Dec 31, 2021 Dec. 31, 2022 Dec 31, 2023 Dec 31, 2024

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