On January 2, 2023, Bronten Industries Inc. issued

$4,800,000 of 9.5-percent, 5-year bonds when the market interest rate was 11 percent. Bronten

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.

Plz all the formula to get the numbers and fill in the blanks. I really need your help like detailed formula and explanations including effective interest method of amortization. Thank you a lot

Prepare the schedule below to amortize the bonds. (The discount amortization for 2027 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, enter " 0 ".)